Sunsure Solarpark Twenty Three Private Limited (FMO-65633)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Tamil Nadu
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 2, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Sunsure Energy Private Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.83 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported INR 556.75 MLN
Converted using 2026-06-02 exchange rate.
Loan Amount (USD)
$ 5.83 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported INR 556.75 MLN
Converted using 2026-06-02 exchange rate.
Other Related Projects
Primary Source

Original disclosure @ FMO website

Updated in EWS Oct 3, 2026

Disclosed by Bank Nov 7, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated on the project disclosure page, FMO participates in a senior project finance loan of approximately USD 30 million (FMO participation: ~USD 22mln), provided in local currency, to finance a 75 MWp solar PV project in Tamil Nadu, India. The loan is distributed across four facilities, each belonging to an SPV within the Project, namely Sunsure Solarpark Twenty Three Pvt Ltd ("SS23"), Sunsure Solarpark Twenty Four Pvt Ltd ("SS24"), Sunsure Solarpark Forty Four Pvt Ltd ("SS44"), and Sunsure Solarpark Forty Nine Pvt Ltd ("SS49"). The use of proceeds aims to fund capital expenditures of the project development.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the FMO, Sunsure Energy Private Limited ("Sunsure") is a reputable Indian full-stack renewable energy developer with approximately 810MWp of operational capacity across India and a pipeline of over 2.5 GWp under development, primarily serving Commercial and Industrial ("C&I") customers. Sunsure was originally an Engineering, Procurement, and Construction ("EPC") company, until its transition into an Independent Power Producer ("IPP") player in 2023, leveraging its in-house EPC and Operations and Maintenance ("O&M") capabilities to execute new project developments.

To support Sunsure's vision of decarbonizing India's industrial sector and its ambition to achieve approximately 5 GW of targeted capacity by 2030, Partners Group, a Switzerland-listed global equity fund managing assets of approximately USD 152 billion, has committed a significant equity investment to Sunsure and backed the company's endeavor in upscaling its corporate governance standards and social responsibilities.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Partners Group Holding AG Investor Finance invests in Sunsure Energy Private Limited Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Sunsure Energy Private Limited:

Address: 1101A-1107, 11th Floor, BPTP Park Centra, Jal Vayu Vihar, Sector 30, Gurugram, Haryana 122001
Website: https://sunsure-energy.com/ 

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism

How it works

How it works