Sunsure Energy raises Rs 606 crore debt, adds RBL Bank as lender

Sunsure Energy has secured Rs 606.22 crore in debt financing for solar projects across Maharashtra and Uttar Pradesh, with RBL Bank entering as a new lender alongside existing financier Aseem Infrastructure Finance Limited.

RBL Bank has extended Rs 144.46 crore to refinance Sunsure’s solar project in Augasi, Uttar Pradesh, marking its first exposure to the company. Aseem Infrastructure Finance Limited has committed the remaining Rs 461.76 crore for projects across the two states.

The financing supports over 242 MWp of solar capacity supplying commercial and industrial (C&I) consumers under long-term power purchase agreements (PPAs).

The entry of a new institutional lender reflects improving lender confidence in the C&I solar segment. Historically seen as fragmented and dependent on offtaker credit profiles, the segment has developed a more stable performance record, supported by contracted revenue structures.

Sunsure Energy is expanding its portfolio across Maharashtra, Uttar Pradesh, Tamil Nadu, Rajasthan, and Karnataka, and the current fundraise supports its broader strategy of securing long-term institutional capital.

The featured photograph is for representation only.