Partners Group, a Swiss investment firm has decided to buy a majority stake in Gurugram-based renewable energy company Sunsure Energy for Rs 32.9 billion. The investment will help Sunsure to execute its portfolio of renewable projects and provide new services to commercial and industrial (C&I) customers.
Further, it will help in the company’s transformation into an independent power producer with 3 GW of operational capacity and will sell power directly to commercial and industrial customers. Sunsure’s financial adviser on the stake sale was EY.
Recently in November 2022, Pharmaceutical and biotechnology company Laurus Labs obtained 26 per cent equity shares in Ethan Energy by investing Rs 39 million. Ethan is a special purpose vehicle of Vibrant Energy Holdings. This acquisition will allow Laurus Labs to obtain 100 per cent of the energy produced by Ethan Energy from its 10 MW solar project in captive mode under open access.