Sunsure Energy Secures ₹128.82 Crore Funding for 49 MWp Solar Plant in Uttar Pradesh
New Delhi, Feb 27 – Renewable energy solutions provider Sunsure Energy has secured ₹128.82 crore in long-term debt financing from Tata Capital and Aditya Birla Finance Ltd (ABFL) to support its 49 MWp open-access solar plant in Augasi, Uttar Pradesh.
The financing, split equally between Tata Capital and ABFL, has facilitated the construction and commissioning of the Augasi solar plant. Additionally, the funds will bolster Sunsure's 145 MWp portfolio of operational open-access solar projects across Uttar Pradesh.
Expanding Renewable Energy Footprint in UP
Sunsure's Augasi solar plant is expected to generate 72 million units of clean energy annually, offsetting an estimated 1.3 million metric tonnes of CO₂ emissions over its lifetime. The company is actively developing 270 MWp of solar capacity in the state, with existing projects in Agra, Banda, Mahoba, Jhansi, and Unnao.
Leadership Speaks on the Strategic Partnership
Expressing confidence in the collaboration, Shashank Sharma, Founder, Chairman, and CEO of Sunsure Energy, stated,
"This partnership with Tata Capital and Aditya Birla Finance signifies their confidence in Sunsure Energy’s vision and capabilities."
Manish Chourasia, Chief Operating Officer – Corporate and Cleantech, Tata Capital, emphasized the potential of Uttar Pradesh in renewable energy, saying,
"The state holds immense potential for clean energy expansion."
Adding to this, Arnab Basu, Head – Wholesale Solutions, ABFL, highlighted the impact of this initiative, stating,
"This collaboration marks a significant step toward meeting the green energy demands of the state's business sector."
With this latest financing, Sunsure Energy is reinforcing its role in accelerating India's transition to renewable power, particularly in industrial and commercial sectors in Uttar Pradesh.
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