Sunsure Energy to Supply 21 MW Solar Power to Lupin’s Tarapur Facility

Gurugram based developer Sunsure Energy and Lupin Limited (LUPIN), the Mumbai based global pharmaceutical company, today announced the signing of a 21 MW (31.5 MWp) solar Open Access Power Purchase Agreement (PPA). Through this agreement, Sunsure will supply solar power to Lupin’s Tarapur facility in India, sourced from its 100 MW (150 MWp) solar plant in Solapur. The deal marks a significant step forward for Lupin in its journey to become net zero.

Shashank Sharma, Founder & CEO of Sunsure Energy, commented, “This partnership demonstrates that Sunsure is the preferred renewable energy solutions provider for the pharmaceutical industry. We look forward to supporting Lupin in their future decarbonization efforts as well.”
Ramesh Swaminathan, ED, Global CFO and Head API Plus SBU, Lupin said, “At Lupin, we focus on enhancing lives through innovative research and fostering sustainable manufacturing practices. Our partnership with Sunsure Energy is part of our comprehensive decarbonization strategy and furthering our commitment to sustainability and reducing our environmental impact. Reducing our carbon emissions requires concrete actions and we at Lupin have been working hard by investing in renewable energy and other energy saving interventions. This Open Access PPA marks another significant step in our ESG journey and reaffirms our ongoing
commitment to sustainability.”

Sunsure is developing solar and wind energy parks of a total capacity of 500 MW in Maharashtra. In addition to Lupin, Sunsure has signed PPAs to supply power with leading businesses like KSB Pumps, Dabur, Sandoz, Emcure, Inox Air Products and more. Across India, Sunsure Energy has provided renewable energy solutions to 70+ Indian industrial companies across 16 states.

Sunsure is backed by Partners Group AG with an equity commitment of $400 million towards its vision of building the largest industrial decarbonization company in India and SE Asia. With 500 MW of assets under operation, 2.5 GW of renewable energy capacity under construction, and a target of 5 GW by the end of 2028, Sunsure has emerged as a key player in India’s renewable landscape.