SHV Energy to infuse 1,800 cr in SunSource Energy

06 May 2021 CW Team

Netherlands-based energy firm SHV Energy will invest around Rs 1,800 crore in SunSource Energy, a leading provider of distributed energy for commercial and industrial (C&I) customers in India.

A leading global distributor of liquified petroleum gas (LPG), SHV Energy has marked its entry into the solar energy space by acquiring a majority stake in SunSource Energy headquartered in Noida.

SHV Energy, a Dutch family-owned multinational founded 125 years ago and leading global distributor of LPG is anticipated to invest Rs 1,800 crore in the following two years to increase the solar energy generation capacity of SunSource Energy to 550 MW from the existing 65 MW. The exact value of the venture is not yet revealed.

SunSource Energy is one of the leading distributed solar companies in India, founded in 2010, providing solar solutions for commercial and industrial customers in India and South-East Asia.

The company is looking forward to long-term collaboration with SunSource Energy, said Bram Gräber, CEO, SHV Energy. The company is committed to supporting its solar projects that are in line, he further added.

SHV Energy would not be looking for more solar procurements in India. As per sources, SHV Energy was involved in negotiations with Fourth Partner Energy, a leading solar energy firm in India.

The company already operates in India through its Super Gas brand, a leading local LPG player founded in 1996. He said this new joint venture will directly boon our company's capacity to extend its portfolio of projects for both commercial and industrial customers.

As part of this transaction, the original investor Neev Fund, which is promoted by India’s largest commercial lender SBI, and the UK Government, has obtained a successful exit from the company. Kushagra Nandan and Adarsh Das, the company’s co-founders, will continue to manage the company and will remain shareholders.

This investment will enable us to leverage SHV Energy’s presence globally and expertise to emerge as a prominent global distributed solar company.

SunSource, founded in 2010, is involved in the design, engineering and procurement, and construction of solar projects. The company expanded in 2018 to spend on commercial and industrial solar projects to sell energy to its customers.

The company also develops and invests in off-site commercial and industrial projects recognised as open access solar projects.

Image Source

Also read: National Solar Mission: Installations now 40% of 2022 target

Netherlands-based energy firm SHV Energy will invest around Rs 1,800 crore in SunSource Energy, a leading provider of distributed energy for commercial and industrial (C&I) customers in India. A leading global distributor of liquified petroleum gas (LPG), SHV Energy has marked its entry into the solar energy space by acquiring a majority stake in SunSource Energy headquartered in Noida. SHV Energy, a Dutch family-owned multinational founded 125 years ago and leading global distributor of LPG is anticipated to invest Rs 1,800 crore in the following two years to increase the solar energy generation capacity of SunSource Energy to 550 MW from the existing 65 MW. The exact value of the venture is not yet revealed. SunSource Energy is one of the leading distributed solar companies in India, founded in 2010, providing solar solutions for commercial and industrial customers in India and South-East Asia. The company is looking forward to long-term collaboration with SunSource Energy, said Bram Gräber, CEO, SHV Energy. The company is committed to supporting its solar projects that are in line, he further added. SHV Energy would not be looking for more solar procurements in India. As per sources, SHV Energy was involved in negotiations with Fourth Partner Energy, a leading solar energy firm in India. The company already operates in India through its Super Gas brand, a leading local LPG player founded in 1996. He said this new joint venture will directly boon our company's capacity to extend its portfolio of projects for both commercial and industrial customers. As part of this transaction, the original investor Neev Fund, which is promoted by India’s largest commercial lender SBI, and the UK Government, has obtained a successful exit from the company. Kushagra Nandan and Adarsh Das, the company’s co-founders, will continue to manage the company and will remain shareholders. This investment will enable us to leverage SHV Energy’s presence globally and expertise to emerge as a prominent global distributed solar company. SunSource, founded in 2010, is involved in the design, engineering and procurement, and construction of solar projects. The company expanded in 2018 to spend on commercial and industrial solar projects to sell energy to its customers. The company also develops and invests in off-site commercial and industrial projects recognised as open access solar projects. Image Source Also read: National Solar Mission: Installations now 40% of 2022 target

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..