Wedoany.com Report on Mar 18th, Indian independent power producer Sunsure Energy recently secured INR 6.06 billion (approximately $65.6 million) in debt financing to advance solar project development in Maharashtra and Uttar Pradesh, India. This funding will support the construction of a portfolio of solar PV projects exceeding 242 MW, with the generated power already contracted to commercial and industrial users under long-term power purchase agreements.

The financing package includes INR 4.61 billion from Aseem Infrastructure Finance Limited and INR 1.44 billion in refinancing from RBL Bank for Sunsure's Augasi solar project in Uttar Pradesh. These projects are expected to provide a stable supply of renewable energy locally, helping industrial users reduce energy costs and advance decarbonization efforts.

Shashank Sharma, CEO of Sunsure Energy, stated, "This financing for the solar projects in Maharashtra and Uttar Pradesh is crucial to fulfilling our commitment to providing clean power to commercial and industrial users in these two states and promoting decarbonization." He added, "As we expand our operations in key industrial regions like Maharashtra, Tamil Nadu, Rajasthan, Karnataka, and Uttar Pradesh, continued access to long-term institutional capital remains vital for building high-quality renewable energy assets."

Headquartered in Gurugram, Haryana, Sunsure had approximately 600 MW of operational solar capacity in India by the end of 2025, with a development pipeline of 7.1 GW and plans to further expand its portfolio to 7.5 GW. In December 2025, the company signed a long-term power purchase agreement with Indian packaged drinking water brand Bisleri International. Bisleri will procure power from Sunsure's 82.5 MW solar PV project in Earch, Uttar Pradesh, which commenced commercial operations in September 2025.