Investment10 Apr 2025, 06:47 pm
Jindal Stainless Partners with Sunsure Energy for 11 MWp Solar Power Agreement
AI Summary
In a significant move towards sustainable industrial growth, Sunsure Energy, a leading independent power producer, has signed a 11 MWp long-term Power Purchase Agreement (PPA) with JSL Super Steel, a Ghaziabad-based subsidiary of Jindal Stainless Limited. This agreement will help JSL Super Steel displace nearly 40% of its conventional energy consumption with clean power from Sunsure’s 49 MWp Solar Project in Augasi, Uttar Pradesh. This partnership will enable JSL Super Steel to receive 16.5 million units (MUs) of clean energy annually, helping the company offset 12 million kilograms of carbon emissions per year. This move aligns with India's growing push for green steel production.
Key Highlights
- Jindal Stainless and Sunsure Energy sign a 11 MWp long-term PPA for sourcing solar power
- The agreement will help displace nearly 40% of JSL Super Steel’s conventional energy consumption with clean power
- JSL Super Steel will receive 16.5 million units of clean energy annually, offsetting 12 million kilograms of carbon emissions per year
- This move aligns with India's push for green steel production
- Jindal Stainless is committed to achieving Net Zero by 2050 and has launched a Green Hydrogen Plant for its stainless steel production