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Sunsure Energy to supply 20 million units of clean power annually to Kirloskar

India, News

Sunsure Energy has signed a 13.5 MWp solar Open Access Power Purchase Agreement (PPA) with Kirloskar Brothers Ltd (KBL) to supply 20 million (2 crore) units of clean power annually. The solar energy will power KBL’s manufacturing facilities in Kirloskarvadi and Kolhapur, meeting 75% of their energy needs from renewable sources. This transition will help KBL offset 14,200 metric tonnes of CO2 emissions each year. Sunsure Energy, founded in 2014, specializes in renewable energy solutions,…

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Lupin to acquire 42.61% stake in Sunsure Solarpark

India, News

Lupin Limited has signed a share subscription and shareholders agreement with Sunsure Solarpark Seventeen Private Limited and Sunsure Energy Private Limited to acquire up to 42.61% of Sunsure Solarpark’s shares through an investment of Rs 105.53 million, completed in two stages. This investment will allow Lupin to source renewable energy for its Tarapur manufacturing site, reducing power costs and advancing its decarbonization goals. The transaction is expected to be finalized within the next six months.

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Sunsure Energy secures Rs 100 billion debt financing from REC

India, News

Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat. This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid projects across India, helping the…

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Sunsure signs PPA to supply 21 MW solar power to Lupin

India, News

Sunsure Energy has signed a power purchase agreement (PPA) to provide 21 MW (31.5 MWp) of solar power to pharmaceutical giant Lupin. The power will be sourced from Sunsure’s 100 MW (150 MWp) solar plant in Solapur, Maharashtra, boosting renewable energy use across Lupin’s Tarapur facility.   Sunsure is also developing 500 MW of solar and wind energy parks in Maharashtra, with additional PPAs signed with companies such as KSB Pumps, Dabur, and Inox Air Products.

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Sunsure Energy secures Rs 2.26 billion in financing from Tata Capital for solar projects in Uttar Pradesh

India, News

Sunsure Energy Private Limited has reportedly secured Rs 2.26 billion in long-term debt financing from Tata Capital to support its portfolio of open-access solar projects in Uttar Pradesh. These projects, with a combined operational capacity of 75 MWp, are financed through five special purpose vehicles (SPVs) and are strategically distributed across the state. The solar projects are already supplying clean energy to several prominent industrial consumers, contributing to a greener energy future by offsetting approximately…

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Sunsure Energy begins supplying green energy in Uttar Pradesh

India, News

Sunsure Energy has commenced supplying 10.5 million units of renewable energy to two private entities in Uttar Pradesh, offsetting 7,500 metric tonnes of carbon dioxide emissions annually. Sunsure Energy currently offers renewable energy solutions to over 70 industrial companies across 16 states in India, with 120 MW of operational capacity in Uttar Pradesh.

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Gentari, Juniper Green, and others secure SJVN’s 1.2 GW hybrid power auction

India, News

Gentari Renewables India Utilities 2, Juniper Green Energy, EG Energy Development (Enfinity Global), Sunsure Solarpark RJ One, and Adyant Enersol (Datta Infra) emerged as winners in SJVN’s Phase III auction for 1,200 MW of ISTS-connected wind-solar hybrid power projects in India.  Gentari, Juniper, EG Energy, and Adyant secured 400 MW, 300 MW, 300 MW, and 70 MW, respectively, at Rs 3.19 per kWh. Sunsure won 130 MW of its quoted 150 MW using the bucket-filling…

Key Power Sector News Roundup for September 21, 2024

Power Bytes

NTPC Signs MoU for 25 GW Renewable Energy in RajasthanNTPC and Rajasthan’s state power utility have formed a joint venture to develop 25 GW of renewable energy projects, with a focus on green hydrogen production. This initiative will significantly boost India’s clean energy capacity. Amazon and Partners Expand EV Charging NetworkAmazon and its partners are rolling out electric vehicle charging infrastructure in Bengaluru, targeting 9,500 EVs by 2030. The charging stations will be powered by…

Key Power Sector News Roundup for September 20, 2024

Power Bytes

Tata Group and Analog Devices Collaborate on SemiconductorsTata Group and Analog Devices have partnered to explore semiconductor manufacturing in India, focusing on applications for electric vehicles and network infrastructure.  uctor supply chain. Sunsure Energy Secures Rs 100 Billion REC FinancingSunsure Energy has secured Rs 100 billion in financing from REC to support 3 GW of solar, wind, and energy storage projects, aiming to offset 5 million tonnes of CO2 annually and aid India’s green energy…

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Indian metal companies race to secure renewable energy amid EU carbon regulations

India, News

Indian steel and metal companies are rushing to secure renewable energy deals to cut carbon emissions and avoid penalties under the EU’s upcoming Carbon Border Adjustment Mechanism (CBAM). This demand extends beyond large steel and aluminium companies to their suppliers, aiming to reduce emissions across their supply chains. Renewable energy providers report that demand outstrips current capacity, with new projects already sold out for the next few years. Avaada chairman Vineet Mittal indicated that due…