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Sunsure Energy to invest Rs 31.5 bn in 500 MW RE projects across TN

2024-01-11

Sunsure Energy has committed to investing Rs 31.5 billion in renewable energy initiatives in Tamil Nadu over the next three years. The company, in collaboration with the state government, is set to establish four new renewable energy projects totalling 500 Megawatts (MW), according to a statement released.

Under the Memorandum of Understanding (MoU) with Tamil Nadu, Sunsure Energy is entering into a strategic partnership for a substantial investment of Rs 31.5 billion in enhancing the state's renewable energy capacity within the next three years. This collaborative effort aims to bolster Tamil Nadu's green energy capabilities through the implementation of four new projects with a combined capacity of 500 MW.

The forthcoming projects will be strategically located in various areas, including Tuticorin & Tirunelveli, Theni, and Tiruchirappalli, as outlined by the company.

These initiatives have the potential to generate over 1,200 employment opportunities within the state.

Sunsure Energy's plan includes the establishment of three solar power plants, each with a capacity of 100 MW, along with a wind power plant boasting a capacity of 200 MW, strategically positioned across Tamil Nadu.

Shashank Sharma, the Founder, Chairman, and CEO of Sunsure Energy, expressed the company's commitment, stating, "We will leverage our expertise in the renewable energy sector to play a role in enhancing the state's renewable energy generation capacity and supporting its socio-economic and development objectives."

Notably, Sunsure Energy stands out as one of India's leading renewable energy power producers, focusing on the commercial and industrial (C&I) sector.