News

IPP Lending & Credit

Staff Reporter

, India

Published:

11 days ago

Photo by Red Zeppelin via Pexels

Sunsure Energy bags $26.91m loan for Uttar Pradesh solar projects

These have a total capacity of 75 megawatt-peak.

Independent power producer Sunsure Energy has secured a $26.91m (INR 226 crore) long-term debt financing from Tata Capital Ltd. that will support the former’s portfolio of open-access solar projects in Uttar Pradesh, totalling 75 megawatt-peak in operational capacity.

Sunsure Energy said in a statement that the loan is structured across five solar projects and covers commissioned solar projects located across the Indian state. These projects are already delivering clean energy to several industrial consumers in the state, eliminating around 80,000 tonnes of carbon dioxide annually.

Shashank Sharma, founder, chairman and CEO, Sunsure Energy said the financing will allow the company to further scale up its portfolio and help meet green energy demand in Uttar Pradesh.

“This partnership aligns with our goal of supporting impactful projects as we remain dedicated to foster a greener and more sustainable future,” said Manish Chourasia, COO- Corporate and Cleantech at Tata Capital.

$1 = INR83.97

Follow the link for more news on

India renewables capacity

Also Read

Avaada to boost RE load to meet demand from India’s data centres

GPSC and Keppel partner on Energy-as-a-Service initiatives

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Chinese thermal power gencos' strong H1 boosts deleveraging

Meanwhile, renewable generation companies are facing hurdles.

12 hours ago

BPCL board OKs JV with Sembcorp’s India unit for clean energy projects

They also approved a JV with GPS Renewables.

Project

13 hours ago

NLC India eyes $595.7m RE investment to triple power capacity

It aims to achieve this by 2030.

Project

14 hours ago

Australia and Germany sign $443m green hydrogen deal

This will be equally funded by the two countries.

15 hours ago

Exclusives

Avaada to boost RE load to meet demand from India’s data centres

The company eyes 30 gigawatts of renewable energy capacity by 2030.

IPP

3 days ago

Asia-Pacific region may miss RE targets

Countries must attract investments to advance their clean energy goals.

Malaysia told to integrate grids to quicken solar growth

Limiting solar penetration to the grid at 24% of peak demand could impede its expansion.

Project

Indonesia must overcome regulatory barriers to build RE appeal

It needs $285b to boost its clean energy capacity and hit climate targets by 2030.

Power Utility

Event News

Integrate climate change into company’s long-term strategy to align with SDGs - EY’s Judy Li

Co-Written / Partner

Effective waste recycling and resource utilisation boost company sustainability and offer new approaches to global waste management.

Co-Written / Partner KPMG’s Sharad Somani stresses sustainability goals require a multi-faceted approach

Co-Written / Partner Human behaviour to have ‘long-lasting’ impact on water conservation goals, says Deloitte Partner

Roland Berger Principal: Investing in innovative water solutions addressing critical water challenges a necessity for Asia's future

Co-Written / Partner Roland Berger Principal: Investing in innovative water solutions addressing critical water challenges a necessity for Asia's future

Co-Written / Partner Integrate climate change into company’s long-term strategy to align with SDGs - EY’s Judy Li

Effective waste recycling and resource utilisation boost company sustainability and offer new approaches to global waste management.

Co-Written / Partner KPMG’s Sharad Somani stresses sustainability goals require a multi-faceted approach

Co-Written / Partner Human behaviour to have ‘long-lasting’ impact on water conservation goals, says Deloitte Partner

Co-Written / Partner Roland Berger Principal: Investing in innovative water solutions addressing critical water challenges a necessity for Asia's future