09 Sep 2024
Sunsure Energy has secured a long-term loan of Rs 2.26 billion from Tata Capital to bolster its solar energy initiatives. This substantial funding will be allocated to enhance their portfolio of 75 MW solar projects, which are distributed across five special purpose vehicle (SPV) solar installations in Uttar Pradesh. These projects are currently providing electricity to industrial consumers within the state and are projected to reduce carbon emissions by approximately 80,000 tonnes annually.
In July 2024, Sunsure Energy commenced supplying renewable energy to APL Apollo in Uttar Pradesh, delivering 10.5 million units of green power each year to Apollo Pipes Limited and Apollo Metalex. This development marks a significant milestone in their commitment to advancing sustainable energy solutions.
Additionally, in January 2024, Sunsure Energy entered into a series of Memorandums of Understanding (MoUs) with the Tamil Nadu government. These agreements, valued at Rs 31.5 billion, are aimed at establishing four new clean energy generation projects with a combined capacity of 500 MW. This expansion underscores Sunsure Energy’s ongoing efforts to scale up its clean energy operations and contribute to the broader goals of energy transition and environmental sustainability.
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