Independent power producer Sunsure Energy has obtained Rs 4.16 billion in long-term debt financing from Aseem Infrastructure Finance to develop a 150 MW open access solar park in Solapur, Maharashtra. The project’s first phase is operational and currently supplies clean energy to industrial customers, with full capacity expected by March 2025.
Sunsure Energy is executing the Solapur solar park through multiple special-purpose vehicles and has signed long-term power purchase agreements with industrial clients across Maharashtra, including companies such as Sandoz, KSB, Olon, Bharat Forge, Kirloskar Brothers, Wonder Cement, Lupin, and Emcure. The long-term financings from Aseem Infrastructure will help the company expand its portfolio in Maharashtra.
In September 2024, Sunsure Energy secured Rs 2.26 billion in long-term financing from Tata Capital to enhance its 75 MW solar projects across five special-purpose vehicles in Uttar Pradesh.
