+
Sunsure Secures Rs 1.28 Billion Loan for 49 MW Solar Project
POWER & RENEWABLE ENERGY

Sunsure Secures Rs 1.28 Billion Loan for 49 MW Solar Project

Sunsure Energy has obtained Rs 1.28 billion in long-term debt financing from Tata Capital and Aditya Birla Finance (ABFL) for its 49 MW open-access solar project in Augasi, Uttar Pradesh. The loan amount will be equally shared by both lenders. The Augasi solar project is expected to generate 72 million units of green power annually and offset 1.3 million metric tons of CO2 over its lifetime. This funding supports Sunsure’s 145 MW commissioned solar portfolio in Uttar Pradesh, with additional projects in Agra, Banda, Mahoba, Jhansi, and Unnao. Sunsure supplies renewable energy to over 70 industrial clients across 16 states, including major companies like Sandoz, Lupin, and Dabur. Chairman and CEO Shashank Sharma highlighted that this financing will help scale up solar open-access projects, providing reliable and affordable green energy for industries in the state. This marks Sunsure’s first debt financing partnership with ABFL and its second with Tata Capital. In September 2024, the company secured Rs 2.26 billion from Tata Capital for solar projects with a total capacity of 75 MW in Uttar Pradesh. Backed by Partners Group AG with a $400 million equity commitment, Sunsure aims to reach 5 GW of operational capacity by 2028. Earlier this year, it secured Rs 4.16 billion from Aseem Infrastructure Finance for a 150 MW solar park in Solapur, Maharashtra. (Mercom)

Sunsure Energy has obtained Rs 1.28 billion in long-term debt financing from Tata Capital and Aditya Birla Finance (ABFL) for its 49 MW open-access solar project in Augasi, Uttar Pradesh. The loan amount will be equally shared by both lenders. The Augasi solar project is expected to generate 72 million units of green power annually and offset 1.3 million metric tons of CO2 over its lifetime. This funding supports Sunsure’s 145 MW commissioned solar portfolio in Uttar Pradesh, with additional projects in Agra, Banda, Mahoba, Jhansi, and Unnao. Sunsure supplies renewable energy to over 70 industrial clients across 16 states, including major companies like Sandoz, Lupin, and Dabur. Chairman and CEO Shashank Sharma highlighted that this financing will help scale up solar open-access projects, providing reliable and affordable green energy for industries in the state. This marks Sunsure’s first debt financing partnership with ABFL and its second with Tata Capital. In September 2024, the company secured Rs 2.26 billion from Tata Capital for solar projects with a total capacity of 75 MW in Uttar Pradesh. Backed by Partners Group AG with a $400 million equity commitment, Sunsure aims to reach 5 GW of operational capacity by 2028. Earlier this year, it secured Rs 4.16 billion from Aseem Infrastructure Finance for a 150 MW solar park in Solapur, Maharashtra. (Mercom)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code