Sunsure Energy Signs Three Solar PPAs With Wonder Cement
Sunsure expects the renewable supply to meet about 67 per cent of electricity demand at the Dhule facility and about 52 per cent at the Aligarh plant, according to company statements. The shift to solar is projected to cut around 33,000 metric t of carbon dioxide emissions annually, supporting the cement maker’s sustainability objectives. Company representatives indicated that repeat agreements reflect customer confidence in Sunsure’s capacity to execute renewable energy solutions.
Founded in 2014, Sunsure Energy develops renewable power projects that supply electricity to industrial customers through long-term PPAs. The company currently operates about 700 MW of renewable assets and has more than seven GW under development across several states, with a target to reach 10 GW of capacity by 2030. Partners Group has committed $400 mn in equity toward expansion plans, the company said.
Under the PPAs, Sunsure will allocate generation from the Solapur 150 MWp project and the Augasi 49 MWp plant to supply the Dhule and Aligarh facilities, meeting a significant share of their demand. The arrangement is expected to support operational decarbonisation and assist the cement maker’s broader sustainability strategy. Executives said the deals demonstrate the growing traction of long-term renewable contracts in the industrial sector.