Sunsure Energy, the preferred renewable energy solution provider for India’s leading businesses transitioning to green power, has announced INR 128.82 crore long-term debt financing from Tata Capital and Aditya Birla Finance Limited (ABFL). This financing has been used to construct Sunsure’s commissioned 49 MWp open-access solar plant in Augasi, Uttar Pradesh. The financing will support company’s 145 MWp portfolio of commissioned solar open-access projects in the state, further reinforcing its market leadership.
Jointly financed by Tata Capital and Aditya Birla Finance Limited (ABFL), it is Sunsure’s maiden debt financing with ABFL and the second debt financing partnership with Tata Capital. The total project finance amount will be equally shared by both the financers.
Sunsure’s Augasi solar plant is projected to generate 72 million units of green power annually and offset an impressive 1.3 million metric tons of CO2e over its operational lifetime. Sunsure is actively developing solar plants totaling 270 MWp across Uttar Pradesh. Its existing open-access solar projects are functional in Agra, Banda, Mahoba, Jhansi, and Unnao regions of UP.
