Sunsure Energy has secured Rs 2.26 billion in long-term debt financing from Tata Capital Ltd to support its growing portfolio of open-access solar projects in Uttar Pradesh.
The financing, structured across five Special Purpose Vehicles (SPVs), covers 75 MWp of operational solar capacity already delivering clean energy to major industrial consumers in the state. These projects collectively offset around 80,000 tonnes of carbon dioxide annually.
Shashank Sharma, Founder, Chairman, and CEO of Sunsure Energy, emphasized that this financing underscores the company’s dedication to expanding its renewable energy solutions, contributing to India’s green energy transition. A lot of Indian companies already trust Sunsure Energy, and they are in 16 different states.
Manish Chourasia, COO of Corporate and Cleantech at Tata Capital, highlighted the alignment of this partnership with Tata Capital’s commitment to advancing India’s clean energy sector. Through strategic financing for significant renewable energy projects, the partnership with Sunsure Energy aims to foster the future greener and more sustainable.
Sunsure Energy is a top choice for businesses that intend to transition to green power since it has a track record in solar, wind, and energy storage technologies.
