Sunsure Energy has announced that the company has secured INR 606.22 crore in debt financing across multiple renewable energy projects from Aseem Infrastructure Finance and RBL Bank.
The financing package includes INR 461.76 crore from Aseem Infrastructure Finance for solar projects in Maharashtra and Uttar Pradesh, along with INR 144.46 crore in refinancing from RBL Bank for Sunsure’s solar project in Augasi, Uttar Pradesh, the company said in a statement.
It further added that together, the financing would support over 242 MWp of solar capacity, supplying renewable energy to commercial and industrial consumers through long-term power purchase agreements (PPAs). The projects are expected to generate approximately 300 million units of clean electricity annually, helping offset nearly 230,000 tonnes of CO2 emissions each year, based on the latest CEA grid emission factor, it said.
Commenting on the development, Shashank Sharma, Founder, Chairman, and CEO, Sunsure Energy, said, “Our commitment to powering India’s leading businesses and industries with round-the-clock renewable energy requires a deep understanding of each state’s evolving demand patterns, regulatory realities, and other technical considerations to design solutions around them. These financings, done for solar projects in Maharashtra and Uttar Pradesh, are key to advancing our #UjjwalMaharashtra and #UPShakti missions. Sunsure’s commitment to power and decarbonize the C&L backbone of both states.”
He further added, “As we expand across major industrial regions including Maharashtra, Tamil Nadu, Rajasthan, Karnataka, and Uttar Pradesh, continued access to long-term institutional capital remains critical to building high-quality renewable assets. We value the continued trust of institutions like Aseem Infrastructure Finance and RBL Bank in our asset quality and execution capabilities as we continue to contribute to India’s clean energy ambitions.”
Sunsure is backed by Partners Group AG with an equity commitment of USD 400 million towards its vision of building the largest industrial decarbonisation company in India and Southeast Asia. It has an operational capacity of 700 MW and 7.10 GW under various stages of development across Maharashtra, Uttar Pradesh, Tamil Nadu, Rajasthan, and Karnataka. The company has set a target of achieving 10 GW capacity by 2030.
