Sunsure Energy, an Indian independent power producer backed by Partners Group AG, has signed solar power purchase agreements (PPAs) totalling 8 MWp with South Korean automotive companies to supply renewable energy to their manufacturing facilities in Tamil Nadu.
Under the agreements, Sunsure Energy will supply solar power to Daeseung Autoparts India Pvt Ltd, the Indian subsidiary of Daeseung Group, and Ilgahng Automotive, another automotive components manufacturer from the same group.
According to the company, Daeseung Autoparts India will receive around 8 million kWh of solar electricity annually from Sunsure Energy’s 75-MWp solar plant located in Ilayangudi. The renewable power will be used to operate the company’s manufacturing facility in Kanchipuram.
Meanwhile, Ilgahng Automotive will procure approximately 4.7 million kWh of solar power each year from the same solar project.
Commenting on the partnership, Shin Sangki, Managing Director of Daeseung Autoparts India, stated that sourcing nearly 60% of the company’s electricity from solar energy will help significantly reduce its carbon footprint while improving resilience against future energy cost volatility.
Sunsure Energy currently operates around 700 MW of renewable energy assets and has a development pipeline of approximately 7.10 GW across multiple Indian states including Maharashtra, Uttar Pradesh, Tamil Nadu, Rajasthan and Karnataka. The company aims to expand its portfolio to 10 GW by 2030.
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