Sunsure Energy secures Rs 100 billion debt financing from REC

Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat.

This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid projects across India, helping the country accelerate its green energy transition. The projects are expected to offset five million tonnes of carbon dioxide annually by supplying clean energy to commercial and industrial customers.

Sunsure Energy is already supporting sustainability efforts for over 70 Indian industrial giants, including multinational corporations such as Sandoz, Lupin, KSB Pumps, and Inox Air Products, across 16 states.