⚡ Quick Read
- What happened: Sunsure Energy has signed a long-term PPA to supply 4.7 MWp of solar power to Jakson Engineering’s Noida corporate office and Greater Noida manufacturing unit.
- Why it matters: This deal highlights the growing trend of industrial players opting for captive solar solutions to offset up to 80% of their conventional energy consumption.
- Watch: Sunsure’s progress toward its 10 GW portfolio target by 2030, backed by a $400 million commitment from Partners Group AG.
Background and Context
The Indian renewable energy landscape is witnessing a significant shift as large-scale industrial entities increasingly prioritize decarbonization. Sunsure Energy, a prominent renewable energy solutions provider, has solidified its position in this space by entering into a long-term solar Power Purchase Agreement (PPA) with Jakson Engineering Ltd, a key entity within the Jakson Group. This partnership underscores the industry-wide transition toward integrating clean power into manufacturing and corporate operations.
Key Details
Under the terms of the agreement, Sunsure Energy will supply approximately 7.28 million kWh of solar power annually to Jakson’s facilities. The project, with a capacity of 4.7 MWp, is strategically designed to serve two primary locations: Jakson’s corporate headquarters in Noida and its manufacturing facility in Greater Noida. The environmental impact is substantial, with the transition projected to offset nearly 5.2 million kilograms of carbon dioxide emissions annually—an environmental benefit equivalent to planting more than 2.3 lakh trees.
For Jakson, the initiative is a core component of its sustainability strategy. The solar supply is expected to meet 80% of the energy requirements at the corporate office and up to 40% at the manufacturing plant. Sunsure Energy, currently backed by an equity commitment of $400 million from Partners Group AG, continues to expand its footprint. The company currently manages 700 MW of operational assets and has 7.1 GW under various stages of development across key states including Maharashtra, Uttar Pradesh, Tamil Nadu, Rajasthan, and Karnataka.
What This Means for EPCs and Developers
For EPC contractors and developers, this PPA serves as a case study in the viability of the Commercial and Industrial (C&I) segment. As industries like FMCG, data centers, and heavy engineering face pressure to decarbonize, the demand for reliable, round-the-clock renewable energy solutions is surging. Developers with strong balance sheets and the ability to execute decentralized projects are well-positioned to capture this market share, as corporate clients seek to hedge against volatile grid tariffs while meeting ESG targets.
What Happens Next
Sunsure Energy is aggressively pursuing a 10 GW portfolio target by 2030. Industry observers will be monitoring how the company leverages its current 7.1 GW development pipeline to meet these ambitious goals. Furthermore, this partnership reinforces the trend of established manufacturing groups like Jakson not only participating in the renewable energy ecosystem as service providers but also adopting these technologies internally to optimize their own operational costs and carbon footprints.
Original source: PV Magazine India
| Rewritten by MVA Pulse AI Editor
