Sunstream Green Energy Secures SBI Refinancing for Over 250 MW Maharashtra’s Solar Portfolio
Sunstream Green Energy refinanced its more than 250 MW Maharashtra solar portfolio across 17 sites with SBI’s INR 7 billion funding, reducing interest costs by 125 basis points.
May 20, 2026. By EI News Network
The new financing from SBI is expected to deliver an interest cost efficiency of nearly 125 basis points. The company said that the deal will also improve long‑term capital productivity, freeing up resources for further expansion. The solar assets were originally financed during their construction phase by Aseem Infrastructure Finance Ltd.and Power Finance Corporation (PFC). With the projects now fully operational and stable, Sunstream moved to replace the construction debt with longer‑tenor, lower‑cost financing from SBI , a clear sign of the portfolio’s bankability.
Sunstream Green Energy already has a 1‑GW pipeline spanning utility‑scale solar as well as commercial and industrial (C&I) projects. The company is backed by Singapore‑based institutional capital. Sunstream is targeting a total installed capacity of 2 GW by 2030. In parallel, it is actively working to enter battery energy storage systems (BESS) and wind energy, diversifying beyond solar.
The refinancing underscores a broader trend in India’s renewable energy market, where lenders are increasingly rewarding operational track records with more competitive terms. It also aligns with India’s national goal of reaching 500 GW of non‑fossil fuel power capacity by 2030.
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