Sharma’s efforts to expand and diversify CPSU portfolio
Sunsure Energy says its first utility-scale solar Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) covers a capacity of 300 MW (450 MWp) with Inter-State Transmission System ISTS connectivity, marking the largest PPA in Navratna Central Public Sector Undertaking’s (CPSU) journey so far.
The Rs.1,800 crore facility’s capacity was a part of SECI’s Tranche XIII auction for ISTS solar capacity, which the leading had won in March 2024.
Sunsure Energy CEO Shashank Sharma said on 28 Jan, “This agreement represents a pivotal milestone in Sunsure’s journey. Partnering with SECI for this utility-scale solar project amplifies our efforts to expand and diversify our portfolio http://isolaralliance.org.
“Over the last decade, we have built exceptional capabilities and presence in the C&I segment, and it shall continue to fuel our growth over the next decade. We have made a foray in the Utility Segment as it provides us with opportunities to scale and establish a robust portfolio that integrates creditworthy C&I customers with sovereign-rated offtakers like SECI, all while maintaining healthy returns on equity https://www.pmsuryaghar.gov.in/.
“This project not only reaffirms our unwavering commitment to driving the power transition in India,” he said.
Under the PPA, Sunsure will be developing the solar park in Bikaner, Rajasthan, with an estimated development cost of Rs.1,800 crore. The projected completion date of the solar park would be December 2026 and the project will play a key role in company’s project development goals of reaching 5 GW operational capacity by 2028 http://iea.org.
Founded in 2014, Sunsure Energy is the preferred renewable energy solutions provider for India’s leading businesses transitioning to green power. As a leading Independent Power Producer (IPP), Sunsure enables businesses across India to embrace clean energy with ease and confidence through long-term Power Purchase Agreements (PPAs) that offset up to 70% of power use to renewable energy through a mix of solar, wind, and battery storage technologies. Fiinews.com
