Sunsure Energy Secures Rs 226 Cr Debt from Tata Capital
By Rediff Money Desk, New Delhi Sep 04, 2024 13:52
Sunsure Energy secures Rs 226 crore long-term debt financing from Tata Capital for Open Access Solar projects in Uttar Pradesh, boosting its 75 MWp operational capacity.
![Sunsure Energy Secures Rs 226 Cr Debt from Tata Capital](https://im.rediff.com/money/2011/oct/03energy1.jpg)
New Delhi, Sep 4 (PTI) Renewable energy solution provider Sunsure Energy on Wednesday said it has secured a Rs 226-crore long-term debt financing from Tata Capital for Open Access Solar projects in Uttar Pradesh.
The financing will support Sunsure Energy's expanding portfolio of open-access solar projects in Uttar Pradesh, totalling 75 MWp in operational capacity, according to a statement.
According to the statement Sunsure Energy has announced a Rs 226-crore long-term debt financing from Tata Capital Ltd.
The financing is structured across five SPVs (special purpose vehicle) and covers commissioned solar projects strategically located across Uttar Pradesh.
These projects are already delivering clean energy to several renowned industrial consumers in the state, contributing to a greener future and offsetting an estimated 80,000 tonnes of carbon dioxide annually.
Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy, said, "This financing enables us to further scale up our portfolio of solar open-access projects in Uttar Pradesh and meet the demand for green energy in the state."
Manish Chourasia, Chief Operating Officer-Corporate and Cleantech at Tata Capital Ltd, said in the statement, "This partnership aligns with our goal of supporting impactful projects as we remain dedicated to foster a greener and more sustainable future."
Sunsure Energy provides renewable energy solutions to over 70 Indian industrial companies across over 16 states, including multinationals like Sandoz, KSB Pumps, Emcure, Dabur, Olon API, and more.
The financing will support Sunsure Energy's expanding portfolio of open-access solar projects in Uttar Pradesh, totalling 75 MWp in operational capacity, according to a statement.
According to the statement Sunsure Energy has announced a Rs 226-crore long-term debt financing from Tata Capital Ltd.
The financing is structured across five SPVs (special purpose vehicle) and covers commissioned solar projects strategically located across Uttar Pradesh.
These projects are already delivering clean energy to several renowned industrial consumers in the state, contributing to a greener future and offsetting an estimated 80,000 tonnes of carbon dioxide annually.
Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy, said, "This financing enables us to further scale up our portfolio of solar open-access projects in Uttar Pradesh and meet the demand for green energy in the state."
Manish Chourasia, Chief Operating Officer-Corporate and Cleantech at Tata Capital Ltd, said in the statement, "This partnership aligns with our goal of supporting impactful projects as we remain dedicated to foster a greener and more sustainable future."
Sunsure Energy provides renewable energy solutions to over 70 Indian industrial companies across over 16 states, including multinationals like Sandoz, KSB Pumps, Emcure, Dabur, Olon API, and more.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.59 ( -1.15)
- 48975577
- Axita Cotton
- 22.67 ( -5.74)
- 29418714
- Vodafone Idea L
- 14.89 ( -1.46)
- 29099204
- Rajnish Wellness
- 3.84 ( -4.95)
- 26976380
- Rama Steel Tubes
- 11.59 (+ 10.17)
- 18557851
MORE NEWS
![Syngenta CEO...](https://im.rediff.com/80-80/money/2022/nov/16climate.jpg)
Syngenta CEO Calls for Faster Regulatory...
Syngenta CEO Jeff Rowe urges India to expedite regulatory approvals for innovative...
GIC Re Offer for Sale Oversubscribed - 3.39%...
The government's offer for sale of 3.39% stake in General Insurance Corporation (GIC...
![Retirement Mutual...](https://im.rediff.com/80-80/money/2021/apr/09mf2.jpg)
Retirement Mutual Funds Surge 256% in 5 Years
Retirement mutual fund AUM has grown 256% in the last 5 years, driven by rising...