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Sunsure Energy Secures ₹416 Crore for 150 MWp Solar Park
The Business Guardian
|January 15, 2025
Sunsure Energy, the preferred renewable energy solution provider for India's leading businesses transitioning to green power, has secured INR 416.35 Crore in long-term debt financing from Aseem Infrastructure Finance Limited to fund the development of Sunsure's 150 MWp open-access solar park in Solapur, Maharashtra.
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The first phase of the plant has already been commissioned and is supplying clean energy to some of the state's biggest industrial customers. The full plant is expected to be commissioned by March 2025.
Sunsure is developing the Solapur solar park through multiple Special Purpose Vehicles. It has entered into long-term Power Purchase Agreements with prominent industrial clients across Maharashtra, including Sandoz, KSB, Olon, Bharat Forge, Kirloskar Brothers, Wonder Cement, Lupin, and Emcure. The solar park will play a pivotal role in advancing a sustainable future, by enabling its industrial customers' transition to clean power and offsetting approximately 163,000 tonnes of carbon dioxide annually.
This story is from the January 15, 2025 edition of The Business Guardian.
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