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					</table><p>Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform <a href="https://august-energy.com/" target="_blank" rel="noopener">August Energy</a> has secured long-term project financing of ₹1.3 billion (~$15 million) in debt from <a href="https://aseeminfra.in/" target="_blank" rel="noopener">Aseem Infrastructure Finance</a> for a portfolio of renewable energy projects in the commercial and industrial segment.</p>
<p>The financing will support multiple assets across the portfolio of August Energy India, a subsidiary of August Energy. The company said the funding from Aseem Infrastructure is its first asset-level long-term project financing in India.</p>
<p>TruBoard Cleantech, a digital-first ecosystem that provides asset lifecycle management, engineering, and procurement services for renewable energy projects, served as the advisor to August Energy for this transaction.</p>
<p>August Energy operates across Southeast Asia and India. It has also received financing from Aravest, Green Tower, Proparco, responsAbility Investments AG, PIDG Project Development, and other institutional capital providers.</p>
<p>This February, August Energy <a href="https://www.mercomindia.com/august-energy-signs-energy-as-a-service-deal-with-1-5-gw-solar-module-plant" target="_blank" rel="noopener">signed</a> its first EaaS contract in India for a 1.5 GW solar module manufacturing facility near Jaipur, Rajasthan, marking its entry into integrated utility services for the country’s rapidly expanding solar manufacturing sector. Under the agreement, the company will invest approximately ₹80 million (~$883,072) in the facility and provide chilled-water cooling, compressed air, and uninterruptible power supply infrastructure under a 10-year contract.</p>
<p>Last July, Switzerland-based impact asset manager responsAbility <a href="https://www.mercomindia.com/august-energy-15-million-expand-india-renewables-portfolio" target="_blank" rel="noopener">invested</a> $15 million (~₹1.28 billion) in August Energy on behalf of its investors. The funding enabled the company to expand its portfolio of distributed renewable energy projects in India.</p>
<p>The total global corporate solar funding <a href="https://www.mercomindia.com/corporate-solar-funding-down-16-yoy-in-2025-deal-count-rises-ma-robust" target="_blank" rel="noopener">dropped</a> by 16% year-over-year in 2025, with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual and Q4 Solar Funding and M&amp;A Report.</p>
<p>Announced debt financing during the year totaled $16.1 billion, 14% lower than $18.8 billion in 2024, and securitization deals totaled $3.4 billion across nine deals.</p>


August Energy Secures ₹1.3 Billion in Debt Financing from Aseem Infrastructure


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					</table><p>Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform <a href="https://august-energy.com/" target="_blank" rel="noopener">August Energy</a> has signed its first EaaS contract in India for a 1.5 GW solar module manufacturing facility near Jaipur, Rajasthan, marking its entry into integrated utility services for the country’s rapidly expanding solar manufacturing sector.</p>
<p>Under the agreement, the company will invest approximately ₹80 million (~$883,072) in the facility and provide chilled-water cooling, compressed air, and uninterruptible power supply (UPS) infrastructure under a 10-year contract. The company stated that integrated utilities contracts of this nature typically last 7 to 15 years.</p>
<p>Hitender Singh Grover, Country Head EaaS – Integrated Utilities at August Energy, stated, “<span data-teams="true">August energy has designed and deployed a highly energy efficient EaaS solution that is scalable and manages to deliver sustained energy savings over the asset life cycle of the customer.”</span></p>
<p>Manufacturing processes are temperature-sensitive and require controlled environments for process cooling, clean room cooling, and heating, ventilation, and air conditioning systems. The compressed air system will have a designed capacity of 1,428 cubic feet per minute to support production equipment.</p>
<p>The cooling infrastructure is designed to deliver 480 tons of refrigeration of chilled water capacity to the plant. In large-scale solar module manufacturing facilities with capacities of 1 GW to 2 GW or more, electric chillers are critical to maintaining process stability.</p>
<p>In addition, the project includes the provision of 1,100 kVA UPS capacity to manage power quality and provide backup for critical infrastructure, reducing the risk of production interruptions.</p>
<p>August Energy highlighted operational challenges associated with medium-sized capacities, where highly efficient technologies such as centrifugal chillers and centrifugal compressors may not always be preferred solutions.</p>
<p>The company noted that solar manufacturers, particularly those integrating backward from EPC to manufacturing, require additional operational expertise to manage utilities efficiently.</p>
<p>Rajasthan’s high ambient temperatures pose further efficiency challenges for cooling systems, requiring design considerations that address thermal performance. The project incorporates loop redundancy in the chilled water system and structured preventive maintenance to ensure uninterrupted delivery of utilities.</p>
<p>“In a greenfield project, the customer has a choice between investing capital or adopting an asset-light and off-the-balance-sheet model to optimize capital allocation toward core revenue growth activities,” Grover said.</p>
<p>August Energy will assume operational responsibility, guarantee uptime, and ensure efficiency throughout the asset lifecycle, delivering performance and savings for the manufacturer.</p>
<p>In July 2025, Switzerland-based impact asset manager responsAbility <a href="https://www.mercomindia.com/august-energy-15-million-expand-india-renewables-portfolio" target="_blank" rel="noopener">invested</a> $15 million (~₹1.28 billion) in August Energy on behalf of its investors. The funding enabled the company to expand its portfolio of distributed renewable energy projects in India.</p>


August Energy Signs Energy-as-a-Service Deal with 1.5 GW Solar Module Plant


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					</table><p>Switzerland-based impact asset manager <a href="https://www.responsability.com/" target="_blank" rel="noopener">responsAbility</a> will invest $15 million (~₹1.28 billion) in Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform, <a href="https://august-energy.com/" target="_blank" rel="noopener">August Energy,</a> on behalf of its investors. The funding will support August Energy in expanding its portfolio of distributed renewable energy projects in India.</p>
<p>The investment is part of responsAbility’s $500 million (~₹42.95 billion) climate investment strategy for Asia. It aims to accelerate the decarbonization of key economic sectors in emerging and developing Asian markets.</p>
<p>August Energy aims to increase its installed capacity to over 1 GW within the next five years. The funding will also provide the company with flexibility to execute its growing project pipeline in the country over the next 12 months.</p>
<p>This investment is August Energy’s first structure financing delivered in partnership with responsAbility.</p>
<p>August Energy focuses on decentralized energy infrastructure for commercial and industrial clients in India and Southeast Asia. The company develops and operates rooftop solar and integrated utility services, including cooling-as-a-service and steam-as-a-service solutions.</p>
<p>It is backed by institutional investors such as Asia-Pacific Sustainable &amp; Decarbonisation Infrastructure Equity, an Aravest and SMBC Group-backed investment fund, and Green Tower, an investment vehicle promoted by the Green Giraffe group and Daiwa Securities.</p>
<p>responsAbility funds scaling infrastructure platforms with strong regional execution capacity, aiming to mobilize private capital towards energy transition in fast-growing economies.</p>
<p>The company has deployed over $16.8 billion in impact investments. As of June 30, 2025, it manages approximately $5.5 billion in assets across around 300 portfolio companies in approximately 70 countries.</p>
<p>In January this year, responsAbility <a href="https://mercomindia.com/responsability-injects-20-million-in-ev-manufacturer-euler-motors" target="_blank" rel="noopener">announced</a> an investment of up to $20 million in Euler Motors, a New Delhi-based electric commercial vehicle manufacturer.</p>
<p>In 2024, independent power producer AMPIN Energy Transition <a href="https://www.mercomindia.com/ampin-energy-secures-to-fund-expansion-plans" target="_blank" rel="noopener">secured</a> funding of up to $35 million from responsAbility to help it expand its clean energy projects across India.</p>


August Energy Secures $15 Million to Expand India Renewables Portfolio

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