Debt financing
Sunsure Energy raises Rs.262-Cr project financing from FMO, Axis Bank
Gurugram-headquartered Sunsure Energy has raised INR 262 crore in project financing led by the Dutch development bank FMO, with participation from Axis Bank, which contributed INR 71 crore. This transaction marks the debut of FMO in the Indian Group Captive Commercial and Industrial renewable energy sector.Founded in 2014, Sunsure provides renewable energy solutions to businesses and utilities. The firm plans to use the new funds to support the development and construction of a 75 MWp solar project in Ilayangudi, Tamil Nadu.The project will supply clean power to commercial and industrial clients through the open-access route. This initiative is designed to assist these clients in transitioning to renewable energy sources.
Between Dec 2022 and Sep 2024, Sunsure Energy had attracted about $427 M from Tata Capital and Partners Group.For FY25, Sunsure Energy had reported about INR 639 Cr in Operating Income and about INR 31 Cr in PAT.
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