Sunsure Energy has signed long-term solar power purchase agreements (PPA) with Daeseung Autoparts India, Indian subsidiary of South Korea–based automotive components company Daeseung Group, and Ilgahng Automotive, a Korean-origin automotive company from the same business group.
Under the agreement with Daeseung, Sunsure Energy will supply approximately 8 million units of power annually to Daeseung’s Kanchipuram facility from its 75 MWp solar plant at Ilayangudi, Tamil Nadu. This will allow Daeseung Autoparts India to meet close to 60% of its total power demand with renewable energy, offsetting approximately 5,800 metric tonnes of CO2e emissions per year.
Similarly, Sunsure will supply approximately 4.7 million units of power to Ilgahng Automotive’s Kanchipuram facility from its Ilayangudi solar plant. This will help Ilgahng offset 3,400 metric tonnes of CO2e emissions per year.
In Tamil Nadu, Sunsure has a development pipeline of over 1,100 MW of RTC renewable energy capacity across solar, wind and BESS.
Founded in 2014, Sunsure Energy has wind, solar, and energy storage plants across multiple states in India, supplying round-the-clock renewable energy to C&I customers. It is backed by Partners Group AG with an equity commitment of $400 million towards its vision of building the largest industrial decarbonisation company in India and Southeast Asia. Sunsure has 700 MW operational assets with an additional 7.10 GW under various stages of development across Maharashtra, Uttar Pradesh, Tamil Nadu, Rajasthan, and Karnataka. It targets 10 GW RE capacity by 2030.
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