Sunsure Energy has secured Rs 262 crore in project financing from FMO, the Dutch entrepreneurial development bank, and Axis Bank for its 75 MWp open access solar project at Ilayangudi in Tamil Nadu. The company said the financing marks FMO’s first project financing in India’s group captive commercial and industrial (C&I) renewable energy sector. According…
Sunsure Energy has signed three long-term open-access power purchase agreements (PPAs) with Wonder Cement for a combined capacity of 30 MWp, the company announced. Under the agreements, Sunsure has started supplying solar power to Wonder Cement’s manufacturing units in Dhule, Maharashtra and Aligarh, Uttar Pradesh. The Dhule facility is being supplied from Sunsure’s 150 MWp…
Sunsure Energy has achieved financial closure for its 150 MW open access solar park project in Solapur, Maharashtra. The company secured long-term debt financing of Rs 4.16 billion (USD 48.07 million) from Aseem Infrastructure Finance Limited. The first phase of the solar park has been commissioned, and the entire project is slated for completion by…