Sunsure Energy has successfully refinanced three operational captive solar projects in Uttar Pradesh through NIIF Infrastructure Finance Limited (NIIF IFL), the company announced.
NIIF IFL, backed by the National Investment and Infrastructure Fund—a sovereign-linked asset manager anchored by the Government of India—has provided refinancing support totalling ₹133 crore at favourable interest rates. The company said the refinancing underscores the strong operational performance and reliability of Sunsure’s commercial and industrial (C&I) solar assets.
Sunsure Energy stated that the transaction reflects growing institutional confidence in its execution capabilities and further strengthens its leadership position in Uttar Pradesh’s renewable energy sector.
This refinancing marks a significant boost to the renewable energy financing ecosystem in India, demonstrating the increasing participation of sovereign-backed funds in accelerating clean energy deployment. It is expected to enhance Sunsure Energy’s liquidity position, support further project expansion, and contribute to India’s broader energy transition goals by enabling greater adoption of solar power within the commercial and industrial sectors.
The deal is also indicative of the rising confidence in long-term infrastructure assets and the growing role of private developers in advancing state-level clean energy targets.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
