Sunsure Energy Secures Rs 226-Crore Financing for Solar Projects in Uttar Pradesh

Sunsure Energy has secured Rs 226-crore long-term debt financing from Tata Capital for its open-access solar projects in Uttar Pradesh. The funds will support 75 MWp of operational capacity, contributing to a greener future by offsetting 80,000 tonnes of carbon dioxide annually. This aligns with Tata Capital's sustainability goals.

Renewable energy solution provider Sunsure Energy has announced it has secured Rs 226-crore long-term debt financing from Tata Capital for its Open Access Solar projects in Uttar Pradesh.

The financing will bolster Sunsure Energy's portfolio of open-access solar projects, which total 75 MWp in operational capacity.

The project is structured across five special purpose vehicles and strategically located across Uttar Pradesh, delivering clean energy to renowned industrial consumers and offsetting approximately 80,000 tonnes of carbon dioxide annually.

Shashank Sharma, Founder, Chairman and CEO of Sunsure Energy, emphasized that this financing will help meet the state's rising demand for green energy.

Tata Capital's Chief Operating Officer-Corporate and Cleantech, Manish Chourasia, noted that the partnership aligns with Tata Capital's goal of supporting impactful and sustainable projects.

(With inputs from agencies.)