FMO and Axis Bank provide INR 262 crore debt financing for Sunsure Energy's 75 MWp open access solar project in Tamil Nadu

Type: Financing · Technology: Solar · Country: India · Capacity: 75 MWp · Value: INR 31.44M · Announced: 2026-07-06

Sunsure Energy secured INR 262 crore in debt financing for its 75 MWp open access solar project at Ilayangudi, Tamil Nadu, led by FMO with INR 71 crore from Axis Bank. The financing will fund the development and construction of the project, which will supply clean power to commercial and industrial offtakers across Tamil Nadu under the open access route. FMO's participation marks its first project financing in India's group captive commercial & industrial renewable energy space, aligning with its global strategy to support fully green initiatives. Axis Bank's involvement underscores its commitment to accelerating India's energy transition by enabling industrial decarbonization at scale. The project is expected to strengthen Sunsure Energy's position as a key player in Corporate India's industrial decarbonization efforts.

Analysis

FMO and Axis Bank have provided INR 262 crore in debt financing for Sunsure Energy's 75 MWp open access solar project in Tamil Nadu, with FMO contributing INR 71 crore and Axis Bank contributing the remainder. Sunsure Energy is a New Delhi-based renewable energy developer with 1 GW operating across India, focusing on utility-scale solar and onshore wind. FMO is the Dutch entrepreneurial development bank that finances sustainable private sector growth in developing countries and emerging markets. The project will supply clean power to commercial and industrial offtakers across Tamil Nadu under the open access route. The financing was announced on 2026-07-06.

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