Sunsure Energy bags INR 129 crore financing for Uttar Pradesh solar plant

The plant will generate 72 million units of power annually.

Sunsure Energy has secured INR 128.82 crore long-term debt financing which will support its solar project in Augasi, Uttar Pradesh.

In a statement, the company said the financing from Tata Capital and Aditya Birla Finance Limited will fund the construction of the 49-megawatt-peak (MWp) open-access solar plant in Augasi. It will also support company’s 145 MWp portfolio of commissioned solar open-access projects in the state.

The total project finance amount will be equally shared by both financers.

The Augasi solar plant is projected to generate 72 million units of green power annually and offset an impressive 1.3 million metric tonnes of carbon emissions over its operational lifetime.

Sunsure is developing solar plants totaling 270 MWp across Uttar Pradesh.