SunSource Energy to install 2.5 MW solar plant at Jamia Millia University
April 24 () Solar project developer SunSource Energy today said it will set up a 2.5 MW solar rooftop at Jamia Millia Islamia University, which would help the institution save around Rs 1 crore in energy cost every year. SunSource Energy is all set to have the rooftop solar facility on the campus of Jamia Millia Islamia University by the end of June 2018, SunSource said in a statement
Jamia University to go fully solar from June-end
Jamia Millia Islamia will be only using solar energy on its campus from June-end. The university, on Tuesday, signed an MoU with the Solar Enegy Corporation of India (SECI) approved company, Sunsource Energy, that would execute the project on a turnkey-basis and maintain the plant for the next 25 years under Renewable Energy Service Company (RESCO) model. Jamia would be supplied electricity at Rs 3.39 per unit for 25 years. The MoU is in line with the central government’s target of installation of 40 GWp grid connected solar
rooftops by 2022.
We are betting on PM Narendra Modi's solar plan: Adarsh Das
Solar was not an energy source being actively considered by Indians when Adarsh Das and Kushagra Nandan set up SunSource Energy with their own seed money after returning from the US in 2010. So, for them, the biggest challenge was to educate their clients, and then handhold them by getting financiers for their captive rooftop solar plants. And the result was a whopping 5X jump in their annual revenue.
SunSource energy plans to build 200-mw solar park in UP
SunSource Energy, a solar EPC player in India, is boosting its portfolio with plans to develop a 200- MW solar park in Uttar Pradesh entailing an investment of Rs 900 crore. The company has also received funding from the State Bank of India-led Neev Fund, which a top executive said will help it reach its target of 1.5 gw project capacity by 2025. The Neev Fund is a joint initiative of the SBI and UK’s Department for International Development (DFID) to develop projects in states with low capital investment.
SBI's Neev Fund Invests in SunSource Energy
New Delhi, 16 February 2018: SunSource Energy Private Limited, a leading provider of end-to-end solar project development and EPC services in India and globally, has raised an undisclosed amount from the Neev Fund. The investment would be used to develop solar project assets in states with low levels of capital investment, namely Uttar Pradesh, Rajasthan, Madhya Pradesh, Bihar, Orissa, Jharkhand, West Bengal and Chhattisgarh.