Partners Group has agreed to acquire a majority stake in Sunsure Energy, a renewable-energy and decarbonization solutions platform in India.
Historically, Sunsure has built solar plants for commercial & industrial (C&I) customers and third-party renewable power producers in India. Partners Group will invest up to $400 million to help the company transform into a next-generation independent power producer that will build and own utility-scale solar, wind, solar-wind hybrid and battery-storage renewable-energy projects.
The platform is targeting more than 3 gigawatts of operational capacity and will be focused on selling power directly to C&I customers through long-term power-purchase agreements.
“Sunsure is a transformational, next-generation infrastructure investment opportunity in India's growing renewable-energy sector, which has been a thematic focus area at Partners Group for many years,” said Luv Parikh, managing director, private infrastruc
