SunSource Energy

SunSource Energy is a leading provider of solar-based energy and storage solutions to commercial, industrial, and institutional customers. Established in 2010 and headquartered in Delhi NCR, the company develops, builds, and operates distributed power infrastructure for its clients and has assets across 24 states in India and in Southeast Asia. The firm offers customized solar power solutions to clients through innovative business models for on-site and off-site PPAs (Power Purchase Agreements). As the preferred energy transition partner, SunSource Energy manages the entire life cycle of the solar project they take up – from financing and development to asset management. The company has developed a portfolio of over 400 MWs* of Solar Power projects and is the preferred partner for over 150 Commercial & Industrial firms like Coca-Cola, GE, Celebi, Indian Oil, Max Healthcare, Yakult, Himalaya, Dominos, Pepsico, and many others. In March 2021, SHV Energy, a leading global distributor of off-grid energy, acquired a majority stake in SunSource Energy. Being active in the area of sustainable fuels and renewable energy solutions, SHV Energy is part of the Netherlands-based, 125-year-old SHV Holdings. The last investment made in February 2018 was of INR422.90M in a Venture Round investment, with SBICAP Ventures being the investor. This acquisition represents a significant step for both companies as it underscores the growing importance of renewable energy solutions in the global energy landscape and positions SunSource Energy for further growth and expansion with the backing of SHV Energy.