MUMBAI (Economy India): Sunsure Energy, a leading renewable energy solutions provider in India, has secured INR 226 Crore in long-term debt financing from Tata Capital Ltd. This funding is aimed at supporting Sunsure Energy‘s expanding portfolio of open-access solar projects in Uttar Pradesh, which boast a total operational capacity of 75 MWp.
The financing, structured across five Special Purpose Vehicles (SPVs), covers solar projects already commissioned and strategically located across Uttar Pradesh. These projects are currently supplying clean energy to numerous industrial consumers in the state, contributing to India’s green energy transition by offsetting an estimated 80,000 tonnes of carbon dioxide annually.
Leadership Insights
Shashank Sharma, Founder, Chairman, and CEO of Sunsure Energy, emphasized the importance of this financial support, stating, “This long-term financing from Tata Capital is a testament to Sunsure Energy’s commitment to providing customized 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 growing demand for green energy in the state. We are delighted to deepen our partnership with Tata Capital and look forward to further associating with them for our upcoming projects.”
Manish Chourasia, Chief Operating Officer – Corporate and Cleantech at Tata Capital Ltd, added, “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. This partnership aligns with our goal of supporting impactful projects as we remain dedicated to fostering a greener and more sustainable future.”
Sunsure Energy’s Growing Impact
Sunsure Energy has a strong presence in Uttar Pradesh and is actively developing renewable energy projects across India, including solar, wind, and energy storage technologies. The company currently serves over 70 industrial clients across 16 states, with multinational corporations like Sandoz, KSB Pumps, Emcure, Dabur, and Olon API among its customers.
Founded in 2014, Sunsure Energy is a prominent Independent Power Producer (IPP) backed by Partners Group AG, which has committed $400 million in equity to support the company’s vision of becoming the largest industrial decarbonization entity in India and Southeast Asia. With 500 MW of operational assets, 2.5 GW under construction, and a target of 5 GW by the end of 2028, Sunsure Energy is dedicated to powering India’s energy independence through green energy solutions.
For more information about Sunsure Energy, visit www.sunsure-energy.com.
About Tata Capital Limited
Tata Capital Limited is a comprehensive financial services provider, offering a wide range of solutions including Consumer Finance, Housing Finance, Commercial Finance, Cleantech Finance, and more, with a pan-India network of over 750 branches. For more details, visit www.tatacapital.com.
Economy India
