Sunsure secures INR 129 crore financing for 49 MW PV plant in India

India-based Sunsure Energy, a renewable energy solution provider, has secured INR 128.82 crore in long-term debt financing from Tata Capital and Aditya Birla Finance Limited (ABFL) to fund its 49 MW open-access solar plant in Augasi, Uttar Pradesh. This financing, equally shared by both lenders, marked Sunsure’s first debt partnership with ABFL and the second with Tata Capital. The Augasi plant, now commissioned, is expected to generate 72 million units of power annually and offset 1.3 million metric tons of CO2e over its lifetime. Sunsure’s operational solar portfolio in Uttar Pradesh reached 145 MW, with projects in Agra, Banda, Mahoba, Jhansi, and Unnao. The company is also developing 270 MW of solar capacity in the state. Sunsure currently provides renewable energy to over 70 industrial clients across 16 states, including multinational firms.