- Sunsure Energy supplies Sandoz’s Navi Mumbai plant with 32 GWh of solar power annually, reducing CO2 emissions by 26,000 tonnes annually, or 11%.
- The solar power, sourced from Sunsure’s Solapur plant, was delivered nearly two months ahead of schedule, showcasing Sunsure’s efficiency.
- This Power Purchase Agreement (PPA) supports Sandoz’s carbon reduction goals and stabilises its energy costs amidst fluctuating conventional energy prices.
Sandoz, a global pharmaceutical leader, now receives solar energy for its Navi Mumbai production site. Sunsure Energy supplies 32 GWh of solar-generated electricity annually. This shift cuts CO2 emissions by 26,000 tonnes annually, reducing direct emissions by 11%.
The solar power comes from Sunsure’s plant in Solapur, Maharashtra. Sunsure delivered the power almost two months ahead of schedule. Sunsure Energy’s efficiency in meeting industrial demands highlights its capability to accelerate project timelines.
Shashank Sharma, CEO of Sunsure Energy, emphasized that the project would strengthen the company’s presence in Maharashtra. He noted the state’s proactive stance on renewable energy. Sharma said, “This initiative supports Sandoz’s environmental goals and advances sustainable energy in India’s industrial sector.”
Sandoz’s decision supports its strategy to cut its carbon footprint. This move aligns with the Science Based Targets Initiative (SBTi) requirements. The Power Purchase Agreement (PPA) helps Sandoz stabilise its energy costs and mitigate risks from fluctuating conventional energy prices.
Sunsure Energy, backed by a $400 million equity investment from Partners Group AG, is expanding its renewable energy capacity to 5 GW by 2028. Sunsure operates 500 MW of assets and has 2.5 GW under construction.
The Navi Mumbai project reflects a broader trend toward renewable energy in India’s industrial sector. Energy-intensive industries like pharmaceuticals increasingly favour direct PPAs, which help companies meet environmental regulations and control energy costs.
Sunsure Energy offers turnkey solutions through long-term PPAs. This model lets companies achieve sustainability goals without significant initial investments. By cutting CO2 emissions and stabilising energy costs, Sandoz adapts to new market and stakeholder demands.
The renewable energy sector in India is growing rapidly. More companies are exploring direct supply contracts for renewable energy. The partnership between Sunsure Energy and Sandoz illustrates this trend, as businesses seek to optimise industrial and financial performance through sustainable practices.
In conclusion, Sunsure Energy’s collaboration with Sandoz represents a significant step in renewable energy adoption. The early delivery of solar power and the substantial emission reductions achieved show the effectiveness of PPAs in promoting sustainability. As the renewable sector evolves, more companies will likely follow Sandoz’s lead in integrating green energy solutions into their operations.