Sunsure Energy, a prominent renewable power producer in India, has started supplying green electricity to the Sandoz production facility in Navi Mumbai from its Solapur plant. This initiative is part of a solar open access Power Purchase Agreement (PPA) signed between Sunsure and Sandoz, a global leader in generic and biosimilar medicines, last year. The agreement aims to provide more than 32 GWh of renewable energy annually, enabling Sandoz to reduce its direct emissions by 11%. This project will help Sandoz save 26,000 tonnes of CO2 each year, supporting its broader decarbonization goals. By switching to renewable energy, Sandoz aligns with its sustainability commitments, including its recent pledge to the Science Based Targets Initiative (SBTi) to set science-based carbon reduction targets consistent with the Paris Agreement. At the launch event, Sudhir Bhandare, Executive Director of Sandoz India, highlighted the importance of resource efficiency and greenhouse gas reduction for the company, noting that the renewable energy supply from Sunsure supports Sandoz’s sustainability objectives.
Shashank Sharma, Founder and CEO of Sunsure Energy, expressed satisfaction with the early commencement of the project, noting that it reflects Sunsure’s commitment to supporting the green energy transition in Maharashtra, a leading state in renewable energy adoption. Founded in 2014, Sunsure Energy is a leading independent power producer in India, specializing in long-term PPAs that enable businesses to transition to renewable energy. With significant investments and a growing portfolio, Sunsure aims to become a major player in industrial decarbonization in India and Southeast Asia. Currently, Sunsure has 500 MW of assets under operation, 2.5 GW of renewable energy capacity under construction, and a target of 5 GW by 2028. According to the Central Electricity Authority, the Indian household uses 4,600 units of electricity per year, 32 gigawatt hours supplied by Sunsure is enough for 7,000 homes in India.