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, a project designed to help industrial customers transition to clean energy while offsetting significant carbon emissions.
Key Financial Backing and Project Development
This financial backing from Mumbai-based Aseem Infrastructure Finance Ltd. is crucial to completing the Solapur Solar Park, which is already partially operational. The first phase has begun supplying clean power to major industrial clients, and the entire park is expected to be fully operational by March 2025.
The project, developed through multiple special-purpose vehicles (SPVs), has long-term power purchase agreements (PPAs) secured with prominent industrial clients. These include Sandoz, Lupin, Emcure, Olon, KSB, Bharat Forge, Kirloskar Brothers, and Wonder Cement.
The solar park is projected to reduce carbon emissions by 163,000 tonnes annually, contributing to India’s renewable energy targets and strengthening Maharashtra’s clean energy sector. The project also aligns with Sunsure Energy’s ongoing portfolio expansion, which aims for 5 GW of installed capacity by 2028.
Virender Pankaj, CEO of 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
Virender Pankaj, CEO of Aseem Infrastructure, highlighted that the financing solution was structured specifically to support Sunsure’s solar park in Solapur. The project comprises nine SPVs and serves a diverse set of industrial power consumers.
Pankaj also reaffirmed Aseem Infrastructure’s commitment to advancing India’s renewable energy sector, noting that clean energy projects account for over 50% of the company’s financial exposure. The firm 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 forward in India’s energy transition. With backing from Aseem Infrastructure, Sunsure Energy is well-positioned to drive industrial decarbonisation and play a crucial role in supporting India’s ambitious 2030 renewable energy goals.
As a leading independent power producer, Sunsure Energy focuses on helping businesses transition to renewable energy. The company is backed by Partners Group AG with a $400 million equity commitment—an investment aimed at building the largest industrial decarbonisation platform in India and Southeast Asia.
Sunsure Energy develops solar, wind, and battery storage projects, offering long-term PPAs that allow businesses to offset up to 70% of their power consumption with renewable sources. As it expands its footprint across India, the company serves commercial and industrial clients in addition to utility off-takers like SECI and SJVN.
As demand for clean energy rises, projects like the Solapur Solar Park are essential. The collaboration between Sunsure Energy and Aseem Infrastructure showcases a strong commitment to sustainability, helping businesses while also 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, positioning the solar park as a model for future renewable energy projects in India.
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