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Sunsure Energy secures Rs 4.16 billion for 150 MW solar park in Maharashtra

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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 March 2025. Power generated will be supplied to industrial clients, including Sandoz, KSB, Olon, Bharat Forge Limited, Kirloskar Brothers Limited,…

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Sunsure Energy secures Rs 100 billion debt financing from REC

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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…