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Sunsure Energy announced on Wednesday that it has signed a Memorandum of Understanding (MoU) with REC, the state-run power sector lender, for ?10,000 crore in debt financing. The agreement, which was finalized during the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024), will support the development of 3 gigawatts (GW) of solar, wind, hybrid, and Battery Energy Storage Systems (BESS) projects. Sunsure Energy Chairman and CEO Shashank Sharma expressed enthusiasm about the partnership, stating, “While this MoU marks the beginning of our collaborative journey, we foresee immense potential in joining forces. We are aligned with a shared ambition to accelerate India’s transition to a more sustainable and energy-independent future and are very excited about this partnership with REC.” Sunsure Energy currently supports the sustainability efforts of over 70 major industrial clients across 16 states, including notable multinationals such as Sandoz, Lupin, KSB Pumps, Inox Air Products, Emcure, Dabur, and Olon API. The company is committed to advancing clean energy accessibility and affordability through its expanding portfolio of solar, wind, and energy storage projects, contributing to India’s greener future. |
