New Delhi: Sunsure Energy has secured long-term debt financing of Rs 226 crore from Tata Capital Ltd to expand its portfolio of open-access solar projects in Uttar Pradesh. The funding will support Sunsure’s 75 MWp of operational solar capacity across the state, helping to meet the increasing demand for green energy.
The financing is structured across five Special Purpose Vehicles (SPVs) and covers commissioned projects already delivering clean energy to major industrial consumers in Uttar Pradesh.
The solar projects are expected to offset an estimated 80,000 tonnes of carbon dioxide annually, contributing to India’s broader goals of transitioning to renewable energy. Speaking about the development, Shashank Sharma, Founder, Chairman, and CEO of Sunsure Energy, said, “This long-term financing from Tata Capital is a testament to Sunsure Energy’s commitment to providing a customised suite of renewable energy solutions that contribute to India’s transition towards green energy. This financing enables us to further scale up our portfolio of solar open-access projects in Uttar Pradesh and meet the demand for green energy in the state.”
Tata Capital Ltd’s Chief Operating Officer for Corporate and Cleantech, Manish Chourasia, highlighted the strategic importance of the partnership. “We are committed to advancing India’s clean energy sector through strategic financing. Our support for this project reflects our belief in the transformative potential of renewable energy in India,” Chourasia said.
Sunsure Energy currently provides renewable energy solutions to over 70 industrial companies across 16 states in India, including multinationals like Sandoz, KSB Pumps, Emcure, Dabur, and Olon API. The company is also expanding its presence in wind and energy storage technologies.
