Sursure Energy, a renewable energy solutions provider, announced on Wednesday, September 4, that it had secured a long-term debt financing of Rs 226 crore from Tata Capital. The financing will be used for open-access solar projects in Uttar Pradesh. 

This funding will aid in expanding Sunsure Energy’s open-access solar projects portfolio in Uttar Pradesh, which currently has a total operational capacity of 75 megawatt peak (MWp). The maximum power output of a solar PV system under ideal conditions is measured in MWp.

 The funding is spread across five SPVs (special purpose vehicles) and encompasses commissioned solar projects strategically situated across Uttar Pradesh. These projects supply clean energy to several well-known industrial consumers in the state, helping create a more sustainable future and offsetting an estimated 80,000 tonnes of carbon dioxide annually. 

Shashank Sharma, the founder, chairman, and CEO of Sunsure Energy, mentioned that this financing will further expand their portfolio of solar open-access projects in Uttar Pradesh, aligning with the state’s demand for green energy. 

Manish Chourasia, Chief Operating Officer-Corporate and Cleantech at Tata Capital Ltd stated that this collaboration aligns with their commitment to supporting impactful projects as they continue contributing to a greener and more sustainable future. 

Sunsure Energy offers renewable energy solutions to over 70 Indian industrial companies in over 16 states, including multinational corporations like Sandoz, KSB Pumps, Emcure, Dabur, and Olon API.

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