Sunsure to Supply 12.7 Million Units of Solar Power to Auto Parts Firm Daeseung
The company has signed 8 MW of solar power agreements with Daeseung’s companies
March 9, 2026
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Renewable solutions provider Sunsure Energy has signed a power purchase agreement (PPA) with Daeseung Autoparts India and Ilgahng Automotive to supply a cumulative of 12.7 million units of power annually from its 75 MW solar project in Tamil Nadu.
The company has signed agreements to supply a total of 8 MW of solar power to Daeseung’s facilities in Tamil Nadu.
Both Daeseung Autoparts India and Ilgahng Automotive come under the parent company of South Korea–based automotive components manufacturer Daeseung Group.
Sunsure Energy will supply approximately 8 million units and 4.7 million units of power annually, respectively, to Daeseung Autoparts India’s and Ilgahng Automotive’s facilities in Kanchipuram from its 75 MW solar project at Ilayangudi, Tamil Nadu.
The agreement will enable Daeseung Autoparts India to meet nearly 60% of its total power demand with renewable energy.
Daeseung Group manufactures automotive wheel bearings and industrial bearings, and automative transmission parts.
Sunsure has a development pipeline of over 1,100 MW of round-the-clock renewable energy capacity across solar, wind, and battery storage projects. Its portfolio comprises 700 MW of operational assets and 7.1 GW of assets in various stages of development across Maharashtra, Uttar Pradesh, Tamil Nadu, Rajasthan, and Karnataka. It has also set a target of 10 GW by 2030.
In January this year, Delhi-based hospital chain Max Healthcare signed a long-term PPA with renewable energy solutions provider Sunsure Energy to procure 4 MW of power from the latter’s 15 MW solar project in Chitrakoot, Uttar Pradesh.
Commercial and industrial (C&I) entities, large institutions, and residential complexes are increasingly turning to clean power solutions that offer greater cost efficiency than conventional grid tariffs.
Solar open access is rapidly emerging as a scalable alternative, enabling businesses to procure renewable energy in larger volumes while optimizing long-term cost savings.
Mercom India hosts a multi-city C&I Clean Energy Meet series bringing renewable energy developers, consumers, lenders and other stakeholders together to discuss viable options for renewable energy sourcing. The next Mercom India C&I Clean Energy Meet event will be held in Bhopal on March 13, 2026.
