Sunsure Energy has secured ₹606.22 crore in debt financing from Aseem Infrastructure Finance Limited and RBL Bank to support its expanding renewable energy portfolio across Maharashtra and Uttar Pradesh.
The financing package includes ₹461.76 crore from Aseem Infrastructure Finance for new solar projects and ₹144.46 crore in refinancing from RBL Bank for an existing solar asset in Augasi, Uttar Pradesh. The combined funding will enable the development of over 242 MWp of solar capacity.
According to the company, the projects are expected to generate around 300 million units of clean electricity annually, offsetting nearly 230,000 tonnes of carbon dioxide emissions each year. The power generated will be supplied to commercial and industrial (C&I) consumers through long-term power purchase agreements (PPAs), supporting businesses in transitioning to cost-effective and reliable green energy solutions.
This transaction also marks the beginning of Sunsure Energy’s project financing relationship with RBL Bank, while further strengthening its existing partnership with Aseem Infrastructure Finance.
Commenting on the development, founder, chairman and CEO Shashank Sharma said the financing aligns with the company’s strategic initiatives, including its #UjjwalMaharashtra and #UPShakti missions, aimed at decarbonising industrial energy consumption in key states.
Sunsure Energy continues to expand its presence across major industrial regions, focusing on delivering round-the-clock renewable energy solutions backed by long-term institutional capital.
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