ESG25 Mar 2026, 02:36 pm
LG Electronics India Accelerates Transition to Renewable Energy with Solar PPAs
AI Summary
LG Electronics India (LGE India), one of India’s leading consumer electronics brands, has signed long-term solar Power Purchase Agreements (PPAs) with Hinduja Renewables Energy Private Limited (HREPL) and Sunsure Energy. The agreements will source solar power for LGE India's Greater Noida and Pune manufacturing facilities, reducing its carbon footprint and strengthening its transition towards sustainable manufacturing. The initiative will generate over 3.2 crore units of clean electricity annually, equivalent to powering up to 50,000 Indian households each year.
Key Highlights
- LGE India has signed a 9.80 megawatt peak (MWp) solar PPA with HREPL for its Pune manufacturing facility and an 11 MWp solar PPA with Sunsure Energy for its Greater Noida facility.
- The agreements will source approximately 3.21 crore units of renewable energy annually for both facilities, collectively offsetting around 0.61 million metric tonnes of CO2e over the project lifetime.
- HREPL will supply 1.61 crore units of clean power annually from its 27.7 MWp solar plant in Nanded, Maharashtra, helping meet 40% of the Pune facility’s energy needs.
- Sunsure Energy will supply approximately 1.6 crore units of renewable electricity annually from its 82.5 MWp solar plant in Erach, Uttar Pradesh, enabling LGE India to meet around 30% of its Greater Noida facility’s energy requirement.
- These agreements mark LGE India’s first strategic equity investment in an Indian special purpose vehicle (SPV) for power generation.