Sunsure Energy, India’s top provider of Round-the-Clock (RTC) renewable energy solutions for major businesses and utilities, has secured ₹606.22 crore in debt financing from Aseem Infrastructure Finance Limited and RBL Bank for several renewable energy projects. This will help the company grow its capital partnerships as it expands its renewable energy portfolio across key industrial states across the country.
The financing package includes ₹461.76 crore from Aseem Infrastructure Finance Limited for solar projects in Maharashtra and Uttar Pradesh, as well as ₹144.46 crore in refinancing from RBL Bank for Sunsure’s solar project in Augasi, Uttar Pradesh.
The money would support more than 242 MWp of solar power, which would provide renewable energy to businesses and industries through long-term power purchase agreements (PPAs). The most recent CEA grid emission factor says that the projects will produce about 300 million units of clean electricity every year. This will help reduce CO₂ emissions by almost 230,000 tonnes each year.
The projects will provide clean power to C&I (commercial and industrial) customers through long-term Power Purchase Agreements (PPAs). This will help businesses switch to green energy that is more reliable and less expensive.
The financing also begins Sunsure Energy’s project financing relationship with RBL Bank, while reinforcing its continued partnership with Aseem Infrastructure Finance.
Commenting on the development, Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy, said, “Our commitment to powering India’s leading businesses and industries with round-the-clock renewable energy requires a deep understanding of each state’s evolving demand patterns, regulatory realities, and other technical considerations to design solutions around them. These financings, done for solar projects in Maharashtra and Uttar Pradesh, are key to advancing our #UjjwalMaharashtra and #UPShakti missions – Sunsure’s commitment to power and decarbonise the C&I backbone of both states. As we expand across major industrial regions including Maharashtra, Tamil Nadu, Rajasthan, Karnataka, and Uttar Pradesh, continued access to long-term institutional capital remains critical to building high-quality renewable assets. We value the continued trust of institutions like Aseem Infrastructure Finance and RBL Bank in our asset quality and execution capabilities as we continue to contribute to India’s clean energy ambitions.”
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