Sunsure Energy has secured ₹128.82 crore in long-term debt financing from Tata Capital and Aditya Birla Finance Limited (ABFL) to support its renewable energy expansion. This funding has been used for the construction of Sunsure’s 49 MWp open-access solar plant in Augasi, Uttar Pradesh. The financing will further strengthen Sunsure’s portfolio, which includes 145 MWp of commissioned open-access solar projects in the state. This is Sunsure’s first debt financing partnership with ABFL and the second with Tata Capital. The total project finance amount is equally shared between the two financiers.
The solar plant in Augasi is expected to generate 72 million units of green power annually, contributing significantly to the state’s renewable energy goals. Over its lifetime, the plant will help offset approximately 1.3 million metric tons of CO2e. Sunsure Energy is actively working on developing solar plants with a total capacity of 270 MWp across Uttar Pradesh. Its existing open-access solar projects are operational in Agra, Banda, Mahoba, Jhansi, and Unnao.
Shashank Sharma, Founder, Chairman, and CEO of Sunsure Energy, expressed his gratitude for the financial partnership with Tata Capital and Aditya Birla Finance. He said that this collaboration reflects their confidence in Sunsure Energy’s vision and expertise. He emphasized that the project will contribute to Uttar Pradesh’s transition to renewable energy by providing reliable and affordable green power to industries in the state.
Manish Chourasia, Chief Operating Officer – Corporate and Cleantech at Tata Capital Ltd, highlighted that this is the second round of financing with Sunsure Energy. He emphasized Tata Capital’s commitment to sustainable energy solutions and its role in supporting India’s transition to green power. He noted that Uttar Pradesh has significant potential for renewable energy growth, and Tata Capital is proud to be part of this journey by backing projects that bring environmental benefits.
Arnab Basu, Head – Wholesale Solutions at ABFL, also expressed excitement about the partnership with Sunsure Energy. He stated that this financing would support the development of the Augasi solar plant, which plays a key role in meeting the growing green energy demands of industries in Uttar Pradesh. He looked forward to a successful and impactful collaboration.
Sunsure Energy is helping over 70 industrial companies across 16 states in India transition to sustainable power. Its clients include multinational corporations such as Sandoz, Lupin, KSB Pumps, Inox Air Products, Wonder Cement, Emcure, Dabur, Olon API, and others. The company continues to expand its portfolio of solar, wind, and energy storage projects nationwide.
With this latest financing, Sunsure Energy strengthens its commitment to making clean energy accessible and affordable. By developing more renewable projects, the company is helping businesses move towards a greener future while contributing to India’s overall renewable energy targets.
){kind=link}
