SunSource Energy launches 21 MWp solar plant in Tamil Nadu

29 Aug 2024 CW Team

SunSource Energy, a subsidiary of SHV Energy, has launched a 21 MWp solar power plant in Ramanathapuram, Tamil Nadu, marking its entry into the state. The project covers 50 acre and is expected to generate about 760 million kilowatt-hours (kWh) of clean energy, potentially offsetting up to 700 million kilograms of CO2 emissions over its technical lifespan.

The company has formed partnerships with prominent Commercial & Industrial (C&I) businesses to fully utilize the 21 MWp capacity. These clients include significant players from the Oil and Gas, Automotive, Metals and Mining, and FMCG sectors.

Santanu Guha, CEO of SunSource Energy, expressed his satisfaction with the launch of their first plant in Tamil Nadu, noting that the state is a leader in renewable energy in India. He mentioned that this project represents just the beginning of their endeavors in the region. Ajay Sanghi, CEO of SUPERGAS, a partner in the project, emphasised the benefits of the collaboration. He noted that by partnering with SunSource Energy to procure solar power for their Tuticorin Terminal, they not only reduce carbon emissions at the terminal but also enhance cost efficiencies.

SunSource Energy, with a presence in major states across India and a portfolio of 500 MWp solar assets deployed, contracted, and under development, continues to support C&I customers in their energy transition efforts. The company offers solar solutions across a wide range of industry sectors, including data centres, consumer goods, metals and mining, automotive, chemical, cement, healthcare, and pharmaceuticals.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..