Renewable energy solutions provider Sunsure Energy has secured a Rs 262 crore financing commitment for its 75 MWp open-access solar project in Ilayangudi, Tamil Nadu, the company said today.
The financing is led by FMO, the Dutch entrepreneurial development bank, with Axis Bank contributing approximately Rs 71 crore. The transaction marks FMO's first project financing in the Group Captive Commercial and Industrial (C&I) renewable energy space in India.
The proceeds will fund the development and construction of the solar project, which will supply clean power to commercial and industrial offtakers across Tamil Nadu under the open access route. |
