SunShell Power, a renewable energy solutions company based in Kolkata, is planning to raise a total of $14 million by the financial year 2026-27 to bolster its solar power business.
The company aims to secure $2 million in FY26 and $12 million in FY27 to enhance its solar power installation capacity under the renewable energy service company (Resco) model.
According to SunShell Power’s Co-Founder and CEO, Sayantan Chatterjee, the funds will be utilized to reach 10 MW of installation capacity by the next fiscal year and subsequently surpass 50 MW installed capacity in FY27. Impact investors who support green energy transition and ESG initiatives are being approached for this fundraising, with $2 million expected to be raised by June this year.
SunShell Power, established in 2014, is focused on long-term projects under the Resco model due to the lower competition from quality players. This model ensures a fixed annual recurring revenue for the Resco operator over an extended period.
The company projects significant growth in installation capacity under the Resco model, targeting 70 MW by FY26-27, while maintaining the same revenue generation as the engineering, procurement, and construction (EPC) mode over the next five years. SunShell Power has completed solar power plants and solutions for various entities including Indian Railways, Central public sector enterprises, and State governments.
Recently, the company inaugurated a 250 KW solar power plant at Prayagraj railway station coinciding with the Maha Kumbh 2025.
Overall, SunShell Power is on track to achieve its expansion goals in the solar power sector by securing the necessary funding and leveraging its expertise in renewable energy solutions.
