SunSource energy plans to build 200-mw solar park in UP
SunSource Energy, a solar EPC player in India, is boosting its portfolio with plans to develop a 200- MW solar park in Uttar Pradesh entailing an investment of Rs 900 crore. The company has also received funding from the State Bank of India-led Neev Fund, which a top executive said will help it reach its target of 1.5 gw project capacity by 2025. The Neev Fund is a joint initiative of the SBI and UK’s Department for International Development (DFID) to develop projects in states with low capital investment.
SBI's Neev Fund Invests in SunSource Energy
New Delhi, 16 February 2018: SunSource Energy Private Limited, a leading provider of end-to-end solar project development and EPC services in India and globally, has raised an undisclosed amount from the Neev Fund. The investment would be used to develop solar project assets in states with low levels of capital investment, namely Uttar Pradesh, Rajasthan, Madhya Pradesh, Bihar, Orissa, Jharkhand, West Bengal and Chhattisgarh.