Sunsure, Adani Green secure financing for solar and hybrid projects
Author: PPD Team Date: March 5, 2025
Adani Green Energy Limited (AGEL) has refinanced its $1.06 billion construction facility. AGEL refinanced its maiden construction facility, originally secured in 2021, for developing India’s largest solar-wind hybrid renewable cluster in Rajasthan.
The new long-term financing has a 19-year door-to-door tenor and follows a fully amortized debt model aligned with the asset’s lifecycle. This refinancing completes AGEL’s capital management program for the portfolio, ensuring long-term financial stability by matching financing terms with asset cash flows. The facility has been rated AA+/Stable by ICRA, India Ratings, and CareEdge Ratings.
As renewable energy financing gains momentum, Sunsure Energy Limited has secured Rs 1.29 billion in long-term debt from Tata Capital and Aditya Birla Finance (ABFL) to fund its 49 MW open-access solar plant in Augasi, Uttar Pradesh.
The financing supports Sunsure Energy’s 145 MWp commissioned solar open-access portfolio in the state, with an additional 270 MWp under development. This marks Sunsure Energy’s first debt financing with ABFL and its second partnership with Tata Capital. The total funding will be equally shared by both lenders.
