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.

Next Story
Building Material

Dalmia Cement to Acquire 5.2 MnTPA Capacity

Dalmia Cement (Bharat), a wholly owned subsidiary of Dalmia Bharat, has executed a Business Transfer Agreement with Jaiprakash Associates and Adani Infra (India) to acquire cement assets with 5.2 MnTPA capacity in the Central region.The acquisition covers cement plants located at Rewa in Madhya Pradesh, and Churk, Chunar and Sadwa in Uttar Pradesh. The assets include 5.2 MnTPA cement capacity, 3.3 MnTPA clinker capacity, 99 MW thermal power capacity, railway sidings at Rewa and Chunar, and a common railway siding at Churk. The enterprise value of the transaction is Rs 28.5 billion.Following co..

Next Story
Infrastructure Urban

Rampura Agucha Becomes Zinc Mark Certified Mine

Hindustan Zinc’s Rampura Agucha Mine has become India’s first Zinc Mark certified mine, marking a major milestone in responsible zinc production. The mine is the world’s largest underground zinc-lead mine and is operated by Hindustan Zinc, the world’s largest integrated zinc producer.Zinc Mark is a globally recognised assurance framework that validates responsible zinc production against international Environmental, Social and Governance standards, responsible sourcing practices and value chain transparency. The certification strengthens Hindustan Zinc’s ability to offer responsibly ..

Next Story
Infrastructure Urban

Headsup B2B Targets Rs 4 bn Revenue This Fiscal

Headsup B2B, a pan-India procurement and supply chain platform serving the infrastructure, industrial and renewable energy sectors, is targeting Rs 4 billion in revenue for the current fiscal year. The company executed over 2,200 transactions worth Rs 2.5 billion in the previous financial year.Allied infrastructure services contributed nearly 80 per cent of revenue during the period, while renewable energy, industrial automation and road safety solutions emerged as the fastest-growing categories. The company is now expanding its role beyond procurement to support installation, deployment and p..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->