Partners Group acquires majority stake in Indian energy company
Switzerland’s Partners Group has bought a majority stake in Indian energy company Sunsure Energy, the company informs in a press release.
Since 2015 Sunsure Energy has built solar plants on behalf of commercial and industrial customers in India. The new owners seek to guide the platform towards becoming a next-generation developer of solar, wind and hydropower projects.
Partners Group will invest a total of USD 400m in order to transform the business together with Sunsure Energy’s management.
The company targets 3GW of capacity, and the power is to be sold through PPAs, according to Partners Group.
”We intend to help companies operating in India meet decarbonization goals and assist in the country’s overall energy transition. Through this investment, we will support Sunsure in executing on its pipeline of renewable projects and assist them in offering new services to C&I customers,” states Luv Parikh, Managing Director of Private Infrastructure Asia at Partners Group, in the press release.
The private infrastructure division on Partners Group has more than 130 investments in 18 nations.
