Sunsure Energy Signs MoU with REC Limited to Develop Green Energy Projects
According to the MoU, REC Limited and Sunsure Energy have agreed to partner for debt financing of INR 10,000 crores to support the development of 3 GW of solar, wind, hybrid, and BESS projects, accelerating India's transition to green power.
September 18, 2024. By News Bureau
According to the MoU, REC Limited and Sunsure Energy have agreed to partner for debt financing of INR 10,000 crores to support the development of 3 GW of solar, wind, hybrid, and BESS projects, accelerating India's transition to green power.
This partnership will empower Sunsure Energy to significantly expand its portfolio of open access hybrid projects across India, including intrastate solar and solar-wind hybrid projects. By supplying clean energy to commercial and industrial customers, these projects are estimated to offset 5 million tonnes of carbon dioxide annually. This initiative reinforces Sunsure Energy's firm commitment to advancing clean and sustainable energy solutions.
Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy said, “REC Limited is a driving force behind India's renewable energy growth, this partnership signifies their confidence in Sunsure Energy's vision and capabilities. While this MOU marks the beginning of our collaborative journey, we foresee immense potential in joining forces. We are aligned on a shared ambition to accelerate India's transition to a more sustainable and energy-independent future and are very excited with this partnership with REC."
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