The Sunsure Energy supported by Partners Group signed a 300MW power agreement with SECI

The independent power producer Sunsure Energy, supported by the Partners Group, signed the first public business scale solar procurement agreement (PPA) to provide 300 MW of renewable energy.

According to the electricity purchase agreement, Sunsure will develop a solar park in Bibarnell, Rajastan. The expected cost is $18 billion rupees. The project is expected to be completed in December next year.

The company said the protocol covers a peak capacity of 450MW and has an inter -Power Transmission System (ISTS) connection. This is Sunsure’s largest electricity purchase agreement, and it is also part of the 13th phase of SECI’s ISTS solar power generation. The company won the auction in March last year.

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The MOV peak value corresponds to the maximum power output of the solar power generation system, which is a theoretical value, indicating that the peak power that the system can output under the ideal conditions is often much higher than the actual power generation. ISTS is a national power grid that allows the power generated by one state to another.

“This agreement represents a key milestone in the development of Sunsure.” effort.”

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He said that so far, the company has been focusing on renewable energy business and industry (C & I) customers, which will continue to support the company’s growth in the next ten years.

When explaining the company’s need to enter the public cause field (that is, providing power supply and power supply to state enterprises), it said: “We have been involved in the field of public utilization, because it provides us with expanding scale and establishing a strong investment portfolio. Integrate the reputable C & I customers with SECI and other sovereignty rating for the buyer, while maintaining a healthy stock return. “

He said that the project reiterated the company’s firm commitment to promote India’s power transformation and complies with Prime Minister Narendra Modi to make India a vision of an independent country of energy.

In India, SECI belongs to the scope of power of the Ministry of New Energy and Renewable Energy, and is a promoter for the development of renewable energy. It purchases electrical power from an independent generator (IPP) through competitive bidding, and then sold it to Discom through a long -term power purchase agreement.

Sunsure has a 500 MW of operating assets, with the combination of solar energy and wind energy to reach 5 Gava within three years.

The Swiss global investment management company PARTNERS Group AG provides Sunsure with a $ 400 million equity commitment to build the largest industrial decarbon company in India and Southeast Asia.