Sunsure to Supply 500 MWh Clean Peak Power to UPPCL

29 Aug 2025 CW Team

Sunsure Energy has signed a Battery Energy Discharge Purchase Agreement (BEDPA) with NTPC Vidyut Vyapar Nigam Ltd (NVVN) for the supply of 500 MWh peak-time clean power to Uttar Pradesh Power Corporation Ltd (UPPCL), marking a milestone in India’s evolving energy storage landscape.

The agreement covers a capacity of 125 MW/500 MWh and is structured as a 15-year build–own–operate deal, with Sunsure Energy establishing a standalone Battery Energy Storage System (BESS) at the 400/220 kV Garautha substation in Jhansi, Uttar Pradesh.

As part of the arrangement, Sunsure will deliver four hours of dispatchable electricity daily between 6 pm and 10 am. This will provide UPPCL the flexibility to meet peak-hour electricity demand using clean energy, ensuring reliability at competitive, long-term tariffs.

What sets this agreement apart is its innovative billing model: instead of fixed monthly charges, it is based on a fixed tariff per kilowatt-hour (Rs/kWh) of discharged energy, making it the first-of-its-kind BESS contract of this nature in the country.

“This is a significant leap for us,” said Shashank Sharma, Founder, Chairman and CEO of Sunsure Energy. “We’ve expanded beyond pure-solar to hybrid systems with BESS, empowering commercial and industrial consumers to use renewable power even during peak times, thus reducing their dependence on fossil fuels. For utilities, our journey—from SECI’s solar auctions to SJVN’s hybrid tenders and now NVVN’s pioneering BESS deal—highlights our growth and vision.”

This agreement represents Sunsure’s debut long-term supply contract involving battery storage and highlights the broader momentum towards flexible, clean energy solutions in India’s power sector.

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..