LG Electronics India signs 25-year solar PPAs for 20.8 MWp capacity

LG Electronics India has locked in long-term renewable energy supply for two of its manufacturing facilities, signing 25-year solar power purchase agreements with Hinduja Renewables and Sunsure Energy, totalling 20.8 MWp of contracted capacity.

Under the arrangement, Hinduja Renewables will supply power from its 27.7 MWp solar plant in Nanded, Maharashtra. Of this, 9.8 MWp is allocated to the Pune facility, generating around 1.61 crore units of electricity annually. This is expected to meet about 40% of the plant’s energy requirement and offset 0.31 million metric tonnes of CO2e over the 25-year term.

The Greater Noida plant will receive power from Sunsure Energy’s 82.5 MWp solar facility in Erach, Uttar Pradesh. The 11 MWp allocation is projected to supply approximately 1.6 crore units per year, raising the plant’s renewable energy share to about 50% and offsetting 0.30 million metric tonnes of CO2e over the same period.

Combined, the two PPAs will supply around 3.21 crore units of renewable electricity annually, with a total estimated emissions reduction of 0.61 million metric tonnes of CO2e over their lifetime. 

The agreements also mark LG Electronics India’s first strategic equity investment in India-based special purpose vehicles (SPVs) set up for renewable power generation.

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