Radiance and Sunsure Secure ₹6.8 Billion from NIIF IFL to Supercharge India’s C&I Clean Energy Expansion – EQ
In Short : Radiance Renewables and Sunsure Energy have secured a total funding of ₹6.8 billion from NIIF Infrastructure Finance Limited. Radiance received ₹5.5 billion, while Sunsure obtained ₹1.3 billion. The funds will support expansion of commercial and industrial (C&I) clean energy projects, refinancing existing debt, and accelerating renewable energy adoption across key industrial and commercial sectors in India.
In Detail : Radiance Renewables and Sunsure Energy have together raised ₹6.8 billion in funding from NIIF Infrastructure Finance Limited (NIIF IFL), marking a significant boost to India’s rapidly growing clean energy sector. This partnership highlights the increasing investor confidence in the commercial and industrial (C&I) renewable energy market, which continues to play a pivotal role in the nation’s green transition.
Of the total funding, Radiance Renewables secured ₹5.5 billion to expand its portfolio of solar and hybrid clean energy projects across India. The company plans to channel these funds toward developing new installations and scaling existing projects that cater to corporate clients seeking sustainable power solutions. This initiative aligns with Radiance’s vision to accelerate clean energy adoption in high-demand industrial clusters.
Sunsure Energy, on the other hand, received ₹1.3 billion from NIIF IFL to finance its ongoing renewable energy ventures and strengthen its project pipeline in the C&I segment. The capital infusion will enable Sunsure to enhance energy delivery capabilities, optimize operational efficiency, and meet the surging demand for sustainable energy solutions among large manufacturing and commercial establishments.
Both companies have emerged as key players in India’s renewable energy ecosystem, focusing on delivering reliable, affordable, and sustainable power to businesses. Their efforts reflect the broader industry shift toward clean energy independence, helping corporations transition from conventional grid power to decentralized renewable sources. Such partnerships between developers and financiers are reshaping the country’s energy landscape.
NIIF IFL’s investment underscores its strategic focus on advancing India’s infrastructure and energy sectors through long-term, sustainable financing. The funding will not only strengthen the capital base of Radiance and Sunsure but also create a multiplier effect by attracting further private investment into renewable infrastructure, thus supporting the country’s net-zero vision for 2070.
Radiance Renewables continues to expand its clean energy portfolio through both greenfield and brownfield projects. The company has been actively investing in solar, wind, and hybrid assets designed to meet the power needs of energy-intensive industries. Its customer-centric approach, combined with scalable project models, positions it as a leader in India’s distributed renewable energy market.
Sunsure Energy has similarly established a strong reputation as one of India’s fastest-growing clean energy developers. Its focus on high-quality execution and long-term power agreements with industrial clients has driven consistent growth. The company’s collaboration with NIIF IFL will further accelerate its mission to contribute to India’s target of achieving 500 GW of renewable energy capacity by 2030.
The C&I renewable energy segment has witnessed rising interest from institutional investors, driven by stable returns, strong policy backing, and increasing corporate sustainability goals. With decarbonization becoming a central business priority, investments like this are expected to accelerate India’s renewable energy penetration while enhancing grid resilience and reducing dependence on fossil fuels.
Overall, the funding partnership between Radiance Renewables, Sunsure Energy, and NIIF IFL marks a major milestone in India’s renewable energy financing landscape. It reinforces confidence in the long-term growth of the C&I sector and highlights how strategic financial collaboration can drive scalable, sustainable, and economically viable clean energy solutions for industries nationwide.
