Sunsure Energy, a trusted provider of renewable energy solutions for India’s top businesses, has reached a major milestone by signing its first utility-scale solar Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI), a Navratna CPSU. The agreement includes 300 MW (450 MWp) capacity with Inter-State Transmission System (ISTS) connectivity, making it Sunsure’s largest PPA to date. This capacity was secured during SECI’s Tranche XIII auction for ISTS solar projects in March 2024.
Shashank Sharma, CEO of Sunsure Energy, stated, “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. 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.”
He further added, “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. This project not only reaffirms our unwavering commitment to driving the power transition in India but also aligns with the vision of our Honourable PM Shri Narendra Modi of making India an energy-independent nation.”
Sunsure will build a solar park in Bikaner, Rajasthan, under a Power Purchase Agreement (PPA). The project is expected to cost ₹1,800 crore and is set to be completed by December 2026. This solar park will contribute significantly to the company’s goal of achieving 5 GW of operational capacity by 2028.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
