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    Swiss Firm Eyes Stake in Gurugram Based Sunsure Energy

    December 8, 2022 - Chemical Industry Digest


      Partners Group Holding AG, a Switzerland based private equity firm, is planning to invest $300 million in leading rooftop solar firm Sunsure Energy. The private equity firm plans to grow Sunsure, one of India’s largest solar rooftop engineering, procurement and construction (EPC) companies, as a green energy platform. Founded in 2014, Sunsure focuses on large-scale rooftop and open access solar plants that supply electricity to the commercial and industrial segment.

      In India, renewables projects such as solar PV and onshore wind have already achieved grid parity, where generation costs can match coal-fired power over the project lifetime. Government policies are further encouraging renewables projects by giving them priority in power dispatch, reducing demand risk. “Sunsure is a transformational, next generation infrastructure investment opportunity in India’s growing renewable energy sector, which has been a thematic focus area at Partners Group for many years,” comments Luv Parikh, Managing Director, Private Infrastructure Asia, Partners Group.

      India has an installed renewable energy capacity of 163GW, with green energy projects recording a foreign direct investment of $78 billion. India’s green energy deal space has also been active. Global investors’ interest in India’s clean energy space is sustained and growing, given the government’s focus on the unfolding energy transition, the largest such exercise anywhere in the world. Sunsure Energy CEO Shashank Sharma informs, “We believe Sunsure’s transition into an independent power producer is the best way to ensure more businesses benefit from low-cost solar and wind power in the future”.


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