
Sunsure Energy
Renewable energy solutions for industrial decarbonization in India.
Date | Investors | Amount | Round |
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investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
* | $14.8m | Debt | |
Total Funding | 000k |
Sunsure Energy, founded in 2014, is an Independent Power Producer (IPP) focused on providing renewable energy solutions to commercial and industrial (C&I) clients across India. The company was established by a group of IIT alumni, including Shashank Sharma (Founder, Chairman & CEO), Shantanu Faugaat, Manish Mehta, Kartikeya Narain Sharma, and Tarunveer Singh. Shashank Sharma, an electrical engineering graduate from IIT Delhi, brought experience in power systems and data analytics to spearhead the company's growth.
Initially operating as a Solar EPC (Engineering, Procurement, and Construction) provider, Sunsure developed over 300 MWp of solar projects. The company has since transitioned into an IPP, developing, owning, and operating utility-scale solar, wind, and hybrid energy projects combined with battery storage solutions. This business model is centered on long-term Power Purchase Agreements (PPAs) with C&I customers, offering them predictable green energy pricing without upfront investment. Sunsure manages all project aspects in-house, including land acquisition, execution, and long-term operations, which allows for faster project delivery and lower costs.
In 2022, Sunsure secured a significant equity investment of $400 million from Partners Group AG, a Swiss private markets firm, which acquired a majority stake. This investment is aimed at helping Sunsure achieve its goal of developing 10 GW of renewable energy capacity by 2030. The company currently has 500 MW of assets in operation and 7.5 GW under construction across several Indian states. Sunsure serves over 70 leading industrial companies in India, including Flipkart, Dabur, and Lupin Ltd., across more than 16 states.
Keywords: Independent Power Producer, renewable energy, solar power, wind power, battery storage, commercial & industrial energy, decarbonization, Power Purchase Agreements, India energy market, EPC, utility-scale solar, green energy, project development, energy transition, sustainable energy, energy storage systems, hybrid energy, asset management, round-the-clock power, clean energy