Sunsure Energy has signed long-term solar Power Purchase Agreements (PPA) with Daeseung Autoparts India, the Indian subsidiary of the South Korea-based Daeseung Group, a prominent player within the global automotive components industry, and Ilgahng Automotive, a prominent Korean-origin automotive company from the same business group.
Under the agreement with Daeseung, Sunsure Energy will supply approximately 8 million units of power annually to Daeseung’s Kanchipuram facility from its 75 MWp solar plant at Ilayangudi, Tamil Nadu, Sunsure said in a statement.
It further added that the agreement will allow Daeseung Autoparts India to meet close to 60 percent of its total power demand with renewable energy, offsetting approximately 5,800 metric tonnes of CO₂e emissions per year.
Similarly, for Ilgahng Automotive, Sunsure will supply approximately 4.7 million units of power to their Kanchipuram facility from its Ilayangudi solar plant. This will help Ilgahng offset 3,400 metric tonnes of CO₂e emissions per year, it said.
Commenting on the partnership, Shin Sangki, Managing Director, Daeseung Autoparts India, said: “Daeseung has always believed in powering progress responsibly. Our collaboration with Sunsure Energy allows us to align our India operations with the Group’s global sustainability goals. By sourcing nearly 60 percent of our power requirements from solar energy, we are significantly reducing our carbon footprint while strengthening our resilience against future energy cost volatility. We chose Sunsure Energy as our partner based on their strong industry credentials, proven execution capabilities, timely delivery of power, and deep development experience across India.”
Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy, said, “We are delighted to welcome Daeseung Autoparts India and Ilgahng Automotive to our growing portfolio of global manufacturing customers. Daeseung’s trust in Sunsure underscores our ability to serve the most respected industrial names with customised, firm, round-the-clock renewable energy solutions. Sunsure is committed to Tamil Nadu’s renewable energy progress and helping businesses transition seamlessly to green power.”
In Tamil Nadu, with a development pipeline of over 1,100 MW of RTC renewable energy capacity across solar, wind and BESS, the company is steadily expanding its footprint and accelerating the state’s clean energy transition through its flagship initiative #TamilNattinSakthi The Power of Tamil Nadu – delivering clean, reliable, round-the-clock energy to power the state’s industries and growth sustainably.
Sunsure has an operational capacity of 700 MW and 7.10 GW under various stages of development across Maharashtra, Uttar Pradesh, Tamil Nadu, Rajasthan, and Karnataka. The company has set a target of achieving 10 GW capacity by 2030.
