Sunsure Energy secures INR 606.22 crore debt financing for 242 MWp PV projects in India

Sunsure Energy secured a $65.74 million debt package, strategically blending new project development capital with existing asset refinancing for its Indian solar portfolio. Aseem Infrastructure Finance Limited provided the larger tranche of INR 461.76 crore, specifically targeting new PV projects in Maharashtra and Uttar Pradesh, which will supply commercial and industrial consumers under long-term agreements. This allocation directly supports the expansion of Sunsure Energy's operational footprint, adding significant greenfield capacity. Concurrently, RBL Bank contributed INR 144.46 crore for the refinancing of the operational Augasi solar project in Uttar Pradesh. This dual approach allows the New Delhi-based developer to simultaneously grow its 242 MWp pipeline and enhance the financial efficiency of its operational assets, underpinned by predictable revenue streams from long-term C&I power purchase agreements. This $65.74 million financing package significantly advances Sunsure Energy's ambition, building upon its existing 1 GW operating capacity across India in utility-scale solar and onshore wind. Aseem Infrastructure Finance Limited, established in Mumbai in 2019 with NIIF anchor investment, reinforces its specialization in long-term debt solutions for Indian infrastructure projects by backing new PV development. RBL Bank, an Indian private sector bank headquartered in Mumbai since 1943, demonstrates its continued engagement in the renewable sector through its refinancing contribution to the Augasi solar project. The combined commitment from these two Mumbai-based financial institutions underscores the robust liquidity available for well-structured solar projects in India, particularly those serving the stable commercial and industrial segment. This deal, announced on 2026-03-16, directly supports Sunsure Energy's growth trajectory, enabling the generation of approximately 300 million kWh annually.