+
Sunsure Energy Signs Three Solar PPAs With Wonder Cement
POWER & RENEWABLE ENERGY

Sunsure Energy Signs Three Solar PPAs With Wonder Cement

Renewable power producer Sunsure Energy has signed three long-term power purchase agreements with Wonder Cement to supply about 30 megawatts-peak (MWp) of electricity to the cement maker’s facilities in Maharashtra and Uttar Pradesh. The contracts will source power from Sunsure’s 150 MWp project in Solapur and a 49 MWp plant in Augasi, enabling the company to provide dedicated renewable supply to industrial customers. The arrangements are intended to bolster the cement firm’s energy mix and reduce reliance on conventional generation.

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.

Renewable power producer Sunsure Energy has signed three long-term power purchase agreements with Wonder Cement to supply about 30 megawatts-peak (MWp) of electricity to the cement maker’s facilities in Maharashtra and Uttar Pradesh. The contracts will source power from Sunsure’s 150 MWp project in Solapur and a 49 MWp plant in Augasi, enabling the company to provide dedicated renewable supply to industrial customers. The arrangements are intended to bolster the cement firm’s energy mix and reduce reliance on conventional generation. 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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code