Partners Group To Acquire RE Platform Sunsure Energy For $400 Million

• Partners Group said that under its possession, Sunsure will certainly be changed right into a next-generation independent power manufacturer that will certainly build and also possess utility-scale solar, wind, solar-wind hybrid, and battery storage space renewable energy projects.

Sunsure Energy is targeting over 3 GW of functional capacity and also will certainly be concentrated on offering power directly to C&I clients with long-lasting PPAs.

International private markets firm Partners Group has actually accepted acquire a majority stake in Sunsure Energy, a renewable energy and also decarbonization remedies platform in India, in behalf of its clients.

The official declaration of Partners Group held that the business will invest approximately $400 million in the Sunsure Energy.

Sunsure was founded in 2015 and also has actually built solar plants for Commercial & Industrial customers and third-party renewable power producers in India. Partners Group claimed that under its ownership, Sunsure will certainly be transformed right into a next-generation independent power producer that will certainly build as well as own utility-scale solar, wind, solar-wind hybrid, as well as battery storage renewable energy projects.

Partners Group held that the Platform is targeting over 3 GW of operational capacity and will certainly be concentrated on selling power straight to C&I customers with lasting PPAs. The Platform likewise plans to aid consumers meet decarbonization and energy expense decrease targets by broadening the extent of existing client partnerships to give additional value-added services, such as energy-as-a-service and also carbon credit management.

India is the third biggest electricity market on the planet, with C&I customers eating over 50 per cent of the power created in the country. This will certainly climb according to India's real GDP growth. Renewable energy is anticipated to take a spike.

Partners Group claimed that it will work closely with the Sunsure beginning team as well as management on achieving the Platform's vision and delivering value creation efforts. Luv Parikh, Managing Director, Private Infrastructure Asia, Partners Group, stated, "Sunsure is a transformational, next-generation infrastructure financial investment possibility in India's growing renewable energy market, which has been a thematic emphasis area at Partners Group for years."

"Via this financial investment, we will sustain Sunsure in executing on its pipeline of renewable projects as well as assist them in offering new services to C&I clients. We anticipate dealing with the group," he included.

Shashank Sharma, CEO, Sunsure Energy, claimed, "At Sunsure, we are aiming to bridge the gap between the availability of significant solar and also wind energy sources in India as well as the manufacturing of solar and also wind power." He included that Partners Group's considerable experience in the renewables as well as decarbonization markets across North America, Europe, and Asia Pacific, as well as its financial resources, make the company an ideal companion for the Sunsure platform.

Bharath Rajagopalan, Member of Management, Private Infrastructure Asia, Partners Group, specified that Sunsure is well-positioned to accomplish favorable stakeholder influence over the long term by aiding services reduce their carbon emissions. "There is additionally a strong economic reasoning for India's C&I consumers to buy renewable power directly from independent manufacturers such as Sunsure. The federal government's far-sighted as well as favorable renewable energy policy, in addition to India's resistant economic development, are extra tailwinds that attracted us to Sunsure as well as the Indian renewable energy space," stated Rajagopalan.

Partners Group's Private Infrastructure organization has $21 billion in assets under management as well as has actually made over 130 investments in 18 countries globe over.