AltEons Energy secures Sanmar investment for 1.5 GW+ RTC renewable energy portfolio in India
AltEons Energy today announced a strategic investment from The Sanmar Group to support the development of over 1.5 GW of renewable energy projects across India. The projects will supply green power to corporate and industrial (C&I) customers, supporting decarbonisation of their operations while ensuring reliable, firm renewable power.
The investment supports AltEons’ expansion of its integrated renewable energy platform, combining solar, wind, battery energy storage systems (BESS) and energy management solutions to provide round-the-clock (RTC) renewable power to commercial and industrial (C&I) customers.
AltEons is working on an under-construction pipeline of 210 MW hybrid portfolio (wind, solar, and battery energy storage systems) in Maharashtra to serve energy-intensive businesses in the State. The company works with customers across manufacturing, automotive, data centres, and industrial engineering, among others. Apart from this capacity, AltEons expects to secure another 800 MW pipeline by the end of the year.
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