Sunsure Energy Inks MoU with Tamil Nadu Government for 500 MW Renewable Energy Expansion

During the Tamil Nadu Global Investors Meet 2024, Sunsure Energy, a prominent renewable energy producer in India, solidified a Memorandum of Understanding (MoU) with the Government of Tamil Nadu. This collaboration outlines the development of four renewable energy projects, collectively generating 500 MW within the state.

Valued at ₹3,150 Crores, Sunsure Energy’s investment over the next three years will focus on establishing three 100 MW solar power plants and a 200 MW wind power plant strategically positioned across Tamil Nadu. The timeline for these projects spans from 2024 to 2027, with the Tuticorin and Tirunelveli projects set to commence in the fiscal year 2024-25.

Aside from bolstering the state’s renewable energy capacity, this initiative is anticipated to create substantial employment opportunities, both directly and indirectly, benefitting the local populace. The incorporation of Sunsure Energy’s cutting-edge technology and commitment to sustainable environmental practices will mark these projects.

Mr. Shashank Sharma, Founder, Chairman, and CEO of Sunsure Energy, expressed enthusiasm about this partnership, highlighting the Tamil Nadu government’s dedication to sustainability through its ambitious solar park agenda. He emphasized Sunsure Energy’s commitment to leveraging its expertise in the renewable energy sector to support the state’s socio-economic growth and augment its renewable energy generation capacity.

This collaboration signifies a significant stride toward India’s transition to green energy and underscores Sunsure Energy’s dedication to contributing to the nation’s developmental objectives.