Sunsure Energy has secured long-term debt financing of INR 416.35 crore from Aseem Infrastructure Finance Ltd. The funds will support the development of a 150 MWp open-access solar park in Solapur, Maharashtra. The project is expected to help industrial customers transition to clean energy while offsetting significant carbon emissions.
Key Financial Backing and Project Development
Sunsure Energy has gained financial backing from Mumbai-based Aseem Infrastructure Finance Ltd. The funding will ensure the completion of the Solapur Solar Park, which is already partially operational. The first phase has begun supplying clean power to major industrial clients. The entire solar park is set to become fully operational by March 2025.
The solar park is being developed through multiple special-purpose vehicles (SPVs). Sunsure Energy has secured long-term power purchase agreements (PPAs) with industrial clients. Companies such as Sandoz, Lupin, Emcure, Olon, KSB, Bharat Forge, Kirloskar Brothers and Wonder Cement will benefit from the project.
The solar park will help reduce carbon emissions by 163,000 tonnes annually. This will contribute to India's renewable energy targets and strengthen Maharashtra’s clean energy sector. Sunsure Energy continues to expand its portfolio, aiming for 5 GW of installed capacity by the end of 2028.
Virender Pankaj, CEO, Aseem Infrastructure Finance Ltd, stated: "Aseem Infrastructure Finance is glad to partner with Sunsure Energy to provide long-term debt financing that will significantly contribute to the expansion of their renewable energy portfolio in India. .”
Aseem Infrastructure’s Commitment to Renewable Financing
Aseem Infrastructure Finance Ltd has played a key role in funding renewable projects. Virender Pankaj, CEO of Aseem Infrastructure, highlighted the importance of collaboration. He stated that the financing solution was structured to support Sunsure’s solar park in Solapur. The project consists of nine SPVs and serves a diverse set of industrial power consumers.
Pankaj reaffirmed Aseem Infrastructure’s commitment to advancing India’s renewable energy sector. He pointed out that over 50% of the company's financial exposure is in clean energy projects. Aseem Infrastructure continues to provide structured financing solutions for large-scale renewable developments.
Driving India’s Clean Energy Future
The Solapur Solar Park represents a significant step in India’s energy transition. With backing from Aseem Infrastructure, Sunsure Energy is well-positioned to drive industrial decarbonisation. The company continues to play a crucial role in supporting India’s ambitious 2030 renewable energy goals.
Sunsure Energy has established itself as a leading independent power producer. The company is focused on helping businesses transition to renewable energy. Sunsure is backed by Partners Group AG with an equity commitment of $400 million. This investment aims to build the largest industrial decarbonisation platform in India and Southeast Asia.
Sunsure Energy develops solar, wind and battery storage projects. It offers long-term PPAs that allow businesses to offset up to 70% of their power consumption with renewable sources. The company is expanding its footprint across India. It serves commercial and industrial clients as well as utility off-takers such as SECI and SJVN.
As the demand for clean energy rises, projects like the Solapur Solar Park will be essential. The collaboration between Sunsure Energy and Aseem Infrastructure showcases a strong commitment to sustainability. The project not only supports businesses but also contributes to reducing India’s carbon footprint.
Sunsure Energy remains focused on scaling its renewable portfolio. With a clear vision and strategic financial backing, the company is on track to achieve its long-term capacity targets. The solar park will serve as a model for future renewable energy projects in India.
Je suis intéressé