Sunsure Energy Secures INR 128.82 Crore Financing for 49 MWp Solar Plant in Uttar Pradesh
Sunsure Energy has announced INR 128.82 crore long-term debt financing from Tata Capital and Aditya Birla Finance Limited (ABFL). This financing has been used to construct Sunsure's commissioned 49 MWp open-access solar plant in Augasi, Uttar Pradesh.
February 27, 2025. By News Bureau
This financing has been used to construct Sunsure's commissioned 49 MWp open-access solar plant in Augasi, Uttar Pradesh. The financing will support the company's 145 MWp portfolio of commissioned solar open-access projects in the state, further reinforcing its market leadership.
Jointly financed by Tata Capital and Aditya Birla Finance Limited (ABFL), it is Sunsure's maiden debt financing with ABFL and the second debt financing partnership with Tata Capital. The total project finance amount will be equally shared by both the financers.
Sunsure's Augasi solar plant is projected to generate 72 million units of green power annually and offset an impressive 1.3 million metric tons of CO2e over its operational lifetime, playing a pivotal role in elevating Uttar Pradesh's clean energy goals. Sunsure is actively developing solar plants totalling 270 MWp across Uttar Pradesh, its existing open-access solar projects are functional in Agra, Banda, Mahoba, Jhansi, and Unnao regions of UP.
Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy said, "This partnership with Tata Capital and Aditya Birla Finance signify their confidence in Sunsure Energy's vision and capabilities, marking the beginning of a collaborative journey with immense potential to accelerate India's transition to a sustainable and energy-independent future. It enables scaling our solar open-access projects in Augasi which are playing a leading role in Uttar Pradesh's transition towards green energy. The development of Augasi solar plant will enable us to provide reliable and affordable green energy to state's industries."
Manish Chourasia, Chief Operating Officer - Corporate and Cleantech, Tata Capital Ltd said, "We are excited to build on our collaboration with Sunsure Energy through this second round of financing. At Tata Capital, we deeply believe in sustainable energy solutions, and this investment aligns with our vision of supporting India's transition to a greener future. Uttar Pradesh holds immense potential for clean energy expansion, and we take pride in contributing to the state's renewable energy growth by supporting projects that bring tangible environmental benefits."
Arnab Basu, Head - Wholesale Solutions, ABFL said, "We are excited to partner with Sunsure Energy and support them to develop the crucial solar plant in Augasi. This collaboration represents a significant step towards meeting the growing green energy demands of the state's business sector, and we look forward to a successful and impactful journey together."
please contact: contact@energetica-india.net.
Manjula Girish
Business Head, EV Charging and Photovoltaic Inverter Division
Driving Sustainability: Delta Electronics' Vision for Renewable Energy and EV Charging
Dhiman Roy
CEO and Director
Breaking Barriers in Green Hydrogen: GreenH Electrolysis’ Vision for Industrial Decarbonisation
Nilabh Jha
Chief Technology Officer
Greenway Mobility Ensuring Affordable and Reliable EVs with its Buyback and Warranty Programs
Deepak Maheshwari
CEO
Hydrogen, Biofuels, and LNG: Essar’s Multi-Pronged Strategy for a Greener Future
Ajit Kulkarni
VP and India Market Leader
Accelerating India's Net Zero Goals: AVEVA’s Smart Solutions