Sunsure Energy announced that it has obtained Rs 226 crore in long-term debt financing from Tata Capital, the financial services provider subsidiary of Tata Sons.
The renewable energy solutions provider will utilize the financing to expand its open-access solar projects in Uttar Pradesh, which currently total 75 megawatt peak (MWp).
The financing will be allocated among five special purpose vehicles (SPVs) and will encompass solar projects that have been commissioned in Uttar Pradesh, according to the corporation.
Sunsure Energy offers renewable energy solutions to over 70 industrial companies, including Emcure and Dabur, in 16 states.
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The company is presently operating 500 megawatts (MW) of assets and is aiming to increase this to 5 gigawatts (GW) by the end of 2028. Partners Group has provided an equity commitment of $400 million to the company.
About Sunsure Energy
Founded in 2014 by Shashank Sharma, Sunsure stands as India’s premier renewable energy company, boasting exceptional capabilities in solar and wind technologies.
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