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SunSource Energy secures project financing to expand portfolio in Southeast Asia
New Delhi: SunSource Energy, a solar power firm, on Thursday said it has entered into a project financing agreement with SunFunder, an international solar finance company, to expand its presence in Southeast Asia. According to the official press release, the project financing will be used for an industrial solar installation in Thailand, along with expanding its footprint in other Asian countries.
SunSource Energy Secures Project Financing from SunFunder
SunSource Energy, has entered into a Project Financing agreement with SunFunder – an international solar finance company.
Budget 2022: Sovereign green bonds, battery swapping policy to help in achieving renewable energy goals, says SunSource CEO
- Budget 2022: Sovereign green bonds, battery swapping policy to help in achieving renewable energy goals, says SunSource CEO
New Delhi: Finance Minister Nirmala Sitharaman, on Tuesday (February 1), presented the Union Budget 2022. During the Budget presentation, Sitharaman noted that with Budget 2022, the government will promote the energy transition and climate action.
Budget 2022: A prescription to boost the growth of the renewable energy industry
By Kushagra Nandan
Given the recent focus and announcements by the Prime Minister, the industry expects a highly progressive and growth-oriented Budget for the sector with a balance of spending and policy focus.
New Delhi: The recently concluded COP26 Summit deliberations saw Prime Minister Narendra Modi announce that India will increase the non-fossil fuel-based or renewable energy capacity to 500 GW by 2030. He also stated that India will achieve net-zero carbon emissions by 2070.
Budget 2022: A prescription to boost the growth of the renewable energy industry
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It could be said that a precursor to the announcement at COP26 was visible in last year’s Union Budget where the Government first announced the PLI scheme for 10 GW of integrated manufacturing capacity for ‘High-Efficiency Solar PV Modules’. Later in the year, due to an extremely positive response from the industry, it increased the allocated PLI amount from Rs 4,500 crore ($616 million) with an additional Rs 19,000 crore ($2.5 billion).
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"There is a growing demand for reliable clean power from C&I customers"
A Leading Textile Company in Rajasthan
Summary
One of the leading textile companies in the Bhilwara Industrial Belt wanted to move to solar power to reduce its dependence on coal-based power since it was a challenge for them to procure and store the same for their captive thermal power plant. The client also wanted to transition to solar-based power as it wanted to reduce its cost of operations. As the client had a large land parcel available within the premises, we developed an on-site rooftop+ground mount solar solution.
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Marelli Motherson Automotive
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Neev Fund-backed SunSource Energy launches 6-MW rooftop project in Rajasthan
New Delhi: SunSource Energy, a solar energy solutions provider, on Tuesday said it has inaugurated a 6-megawatt (MW) rooftop solar power project in Bhilwara, Rajasthan for a textile firm.
It added that the project will provide clean energy to an industrial site of a textile firm based in Rajasthan for 25 years and would be developed on five rooftops of the industrial site spread across 21,00,000 square feet.
SunSource Energy bags solar project in Lakshadweep
SunSource Energy has bagged 1.95 MW solar PV power plant project with 2.15 MWh battery energy storage station (BESS) project which would power four islands of Lakshadweep. Once commissioned, this will be the largest solar project in Lakshadweep and will power its 4 different islands, Agatti, Kavaratti, BangaRam, and Thinnakara, it said.
SunSource Energy has won 1.95 MW solar PV power plant project with 2.15 MWh Battery Energy Storage Station (BESS) in Lakshadweep through an auction conducted by Solar Energy Corporation of India (SECI), a company statement
said.
SunSource Energy bags another IndianOil project
The new rooftop solar project will be the EPC provider’s third project for Indian Oil Corporation. It will cover ten buildings across the state-owned fossil fuel giant’s flagship Gujarat Refinery and its residential township.