Sunsure's Solar Surge: Rs 5,000 Crore Debt Drive Begins

Sunsure Energy, backed by Swiss private equity firm Partners Group, plans to raise Rs 5,000 crore in debt this year to support its renewable energy expansion.

The company has outlined a total investment of Rs 9,000-10,000 crore, primarily through a mix of debt and equity. With Rs 1,000 crore already secured, Sunsure aims to raise Rs 10,000 crore in debt over two years, with half of it planned for 2025.

To achieve this, Sunsure is in discussions with multiple foreign and Indian banks, as well as non-banking financial companies. It has already secured approximately Rs 1,000 crore from financiers, including the Aditya Birla Group and Tata Cleantech Capital.

The company plans to develop three GW of renewable energy capacity by 2027, with 40% allocated to utility-scale projects, and aims to expand to 10 GW by 2030.

News by Rahul Yelligetti.