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SunSource Energy, Indian subsidiary of SHV Energy announced today that it will double the target for solar energy deployment. This target will rise from 550 megawatts up to 1 gigawatt by 2027.
India’s growing solar energy customer base will benefit from the increased capacity. This will allow them to transition to cleaner and more sustainable energy. The India leadership team is being strengthened to support this significant scaling-up of delivery.
“This investment to substantially increase our solar energy delivery capability reiterates SHV Energy’s commitment to India as well as to SunSource Energy, our solar subsidiary. Bram Graber, CEO, SHV Energy, said that the addition of a local management team will enable us to better address the energy transition needs of industrial and commercial consumers in India and Southeast Asia.
India-based SunSource Energy, a leading provider of distributed energy, will be 100% owned by SHV Energy. As part of its leadership team expansion, the company’s existing Managing Director, Kushagra Nandan, will take on the role of Chief Executive Officer, and Adarsh Das has been appointed Chief Commercial Officer to support the accelerated growth trajectory. Sytze Nijman will move from Netherlands-based SHV Energy to take on the role of Chief Operating Officer, and Pratik Adhikari has joined the company from professional services firm Alvarez & Marsal and will assume the role of Chief Financial Officer.
Over the long-term, the SunSource senior leadership will play an active and pivotal role in achieving the company’s goals.
Kushagra Nadan, CEO and Managing Director of SunSource Energy stated that India’s demand for solar energy is increasing rapidly. “This expansion allows us to continue to draw on the vast resources and expertise of SHV Energy worldwide.