SunSource Commissions 9 MW Solar Open Access Project in UP for Varun Beverages

SunSource Commissions 9 MW Solar Open Access Project in UP for Varun Beverages

A firm that provides solar-based energy and storage solutions, SunSource Energy has shared that it has commissioned a 9 MW (DC) solar open access project in Uttar Pradesh (UP) for Varun Beverages.

Varun Beverages is a noted player in the beverage industry and among the largest franchisees of PepsiCo in the world.

The PPA paves the way for Lone Cypress Ventures Private Limited, an SPV incorporated by SunSource Energy, to supply 9 MW (DC) solar power to two bottling plants of Varun Beverages, located in Sandila in Hardoi and Kosi in Mathura in the State of Uttar Pradesh. The agreement is for a period of 25 years.

The said project is part of SunSource Energy’s 45 MWp open access solar project in Uttar Pradesh. The 9 MW project expects to provide a lifetime generation of approximately 300 GWh of clean energy, offsetting 270 mn kg of CO2 emission for Varun Beverages’ two bottling plants over its technical lifetime.

Kushagra Nandan, Co-Founder, Managing Director and CEO, SunSource Energy remarked, “SunSource Energy takes great pride in providing affordable and sustainable solutions to its C&I customers in their energy transition journey and contributing to lowering India’s overall carbon footprint. With both on-site and off-site projects in Uttar Pradesh, we have been providing several clients with solar power over the years. We are delighted that Varun Beverages, which is the largest bottling partner of PepsiCo, since the 1990s, has chosen to partner with us in their green journey.”

SunSource Energy, which also manages the entire lifecycle of distributed solar projects, has over 400 MW of solar power projects in its portfolio across India and Southeast Asia. SunSource is a subsidiary of SHV Energy, a 125-year-old Dutch multinational.

IN 2019, SunSource had announced that it was ready to begin work on its 70 MW solar power project under the open access scheme in the state of Uttar Pradesh. The estimated cost of the project is Rs 300 crore.