LGE India has signed long-term solar power purchase agreements (PPAs) with Hinduja Renewables Energy Private Limited (HREPL) and Sunsure Energy to source clean energy for its manufacturing facilities in Greater Noida and Pune.
Under the agreements, LGE India will procure solar power through a 9.80 MWp PPA with HREPL for its Pune facility and an 11 MWp PPA with Sunsure Energy for its Greater Noida plant. The company is expected to source approximately 3.21 crore units of renewable energy annually, collectively offsetting around 0.61 million metric tonnes of CO₂ emissions over the project lifecycle.
The agreements, spanning 25 years, are scheduled to commence in the second quarter of calendar year 2026 and mark LGE India’s first captive renewable energy project in the country, as well as its initial strategic equity investment in an Indian special purpose vehicle (SPV) for power generation.
HREPL will supply 1.61 crore units of clean power annually from its 27.7 MWp solar plant in Nanded, Maharashtra, meeting around 40% of the Pune facility’s energy requirements. Meanwhile, Sunsure Energy will provide approximately 1.6 crore units annually from its 82.5 MWp solar project in Erach, Uttar Pradesh, covering about 30% of the Greater Noida plant’s energy demand and increasing its renewable energy share to nearly 50%.
The initiative aligns with LGE India’s global sustainability commitments, including its participation in the RE100 initiative, and supports India’s net-zero target for 2070.
Industry stakeholders noted that the collaboration reflects growing momentum in industrial decarbonisation, with corporates increasingly adopting long-term renewable energy sourcing strategies to reduce emissions and enhance operational sustainability.
Related
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
Source link
