background

News

Latest News Thumbnail

Sunsure Energy to Supply Green Power to Kirloskar Brothers

WriteCanvas News


Sunsure Energy will supply 2 crore units of clean power annually to Kirloskar Brothers’ manufacturing facilities, reducing their carbon footprint by 14,200 metric tonnes.

Sunsure Energy has signed an agreement to supply 2 crore units of clean power to Kirloskar Brothers annually.

In a statement, Sunsure Energy said it has signed a 13.5 MWp solar Open Access Power Purchase Agreement (PPA) with Kirloskar Brothers Ltd (KBL).

“Through this agreement, Sunsure Energy will supply nearly 2 crore units of green power annually to KBL’s manufacturing facilities in Kirloskarvadi (Dist – Sangli) and Kohlapur,” the company said.

The solar power supplied under the agreement will help KBL meet around 75 percent of its energy requirements for both facilities from clean, and renewable sources.

This transition will also allow KBL to offset 14,200 metric tonnes of CO2-equivalent emissions annually, reinforcing their strong commitment to reducing environmental impact, it said.

Founded in 2014, Sunsure Energy is a renewable energy solutions provider for businesses transitioning to green power.


Tags: , , , , , , , , , , , ,

background

News

Latest News Thumbnail

India Grid Trust Signs $199 M Contract with ReNew Solar Urja 

WriteCanvas News


Renew, India’s decarbonization solutions company, has signed a Share Purchase Agreement with India Grid Trust to sell ReNew Solar Urja Private Limited in Rajasthan for $199 million, with an additional $8 million as an earn-out.

ReNew’s sale aligns with investor interest and strategy, generating a $82 million cash inflow after debt transfer and change-in-law proceeds.

Kailash Vaswani, Group CFO, ReNew, said, “We are committed towards discipline in allocating capital as well as enhancing shareholder value through asset recycling. This reaffirms our ability to unlock value through the sale of assets and pursue more lucrative opportunities. We continue to see interest in the private markets for high-quality stabilized assets.”

According to a press release, ReNew Solar Urja, located in Jaisalmer, Rajasthan, was commissioned in December 2021. The project has a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) at a fixed tariff of INR 2.71 per unit. The project has been operational and revenue-generating for the past two years. In 2022-23, the solar project delivered a net PLF of 27.42%.


Tags: , , , , , , , , , , ,


Fatal error: Uncaught Error: Call to undefined function twenty_twenty_one_the_posts_navigation() in /home2/writecxc/public_html/wp-content/themes/twentytwentyone-child/archive.php:31 Stack trace: #0 /home2/writecxc/public_html/wp-includes/template-loader.php(106): include() #1 /home2/writecxc/public_html/wp-blog-header.php(19): require_once('/home2/writecxc...') #2 /home2/writecxc/public_html/index.php(17): require('/home2/writecxc...') #3 {main} thrown in /home2/writecxc/public_html/wp-content/themes/twentytwentyone-child/archive.php on line 31