Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights
Sunsure Energy Secures Rs416 Cr for 150 MW Solar Park in Solapur
Jan 14, 2025
Independent power producer Sunsure Energy has obtained Rs416 Cr 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 already operational, delivering renewable energy to industrial clients. The entire solar park is expected to be fully completed by March 2025.
Sunsure is implementing the Solapur project through multiple special-purpose vehicles and has signed long-term power purchase agreements (PPAs) with a diverse range of industrial customers across Maharashtra. Among its clientele are well-known firms such as Sandoz, KSB, Olon, Bharat Forge, Kirloskar Brothers, Wonder Cement, Lupin, and Emcure.
Shashank Sharma, Founder, Chairman, and CEO of Sunsure Energy, highlighted that the financing from Aseem Infrastructure will play a crucial role in expanding the company’s project portfolio in Maharashtra.