SunSource Energy
SunSource Energy, founded in 2010, is a medium-sized company in the Renewable Energy Semiconductor Manufacturing industry, specializing in end-to-end solar project development and EPC services. Headquartered in Noida, Uttar Pradesh, India, the company operates across 24 states in India and Southeast Asia, providing solar and storage-based clean energy solutions for commercial and industrial customers.
Company Overview
SunSource Energy is a privately held company founded in 2010, specializing in the Renewable Energy Semiconductor Manufacturing industry. With a team size of 220, it operates as a medium-sized business. The company is recognized as an SHV Energy Company and has its headquarters in Noida, Uttar Pradesh, India, with additional locations in North Carolina, USA, and Greater Noida, UP, India. SunSource Energy has developed a portfolio exceeding 400 MW of solar power projects and has a presence in six countries.
Services Offered
SunSource Energy provides end-to-end solar project development and engineering, procurement, and construction (EPC) services. The company specializes in financial analysis and capital support, as well as solar and storage-based clean energy solutions. It offers various solar energy solutions, including off-site solar, on-site solar, and round-the-clock power. Additionally, it provides asset management services for solar plants and a savings calculator to help clients estimate potential savings from solar energy.
Environmental Impact
SunSource Energy offsets over 600,000 tonnes of CO2 emissions annually through its existing portfolio. The company operates distributed power infrastructure across 24 states in India and Southeast Asia. It supports the energy transition of leading organizations by providing solar solutions that help them meet emissions goals while controlling operating costs. The company has developed over 150 projects worldwide, contributing to a significant reduction in carbon emissions.
Client Partnerships
SunSource Energy serves as a preferred energy transition partner for over 150 commercial and industrial firms, including notable clients such as Coca-Cola, GE, and Indian Oil. The company provides tailored energy solutions for various industries, including data centers, steel and metal, cement, healthcare and pharma, retail and commercial, consumer goods, chemical, textile, and educational institutions. Its strong track record in developing solar power projects for large corporations highlights its commitment to supporting diverse energy needs.
Acquisition and Growth
In March 2021, SunSource Energy was acquired by SHV Energy, a leading global distributor of off-grid energy. This acquisition has positioned SunSource Energy to expand its capabilities and reach within the renewable energy sector. The company continues to grow its portfolio and enhance its service offerings, focusing on solar power solutions that provide energy at rates up to 50% lower than grid tariffs.