LG Electronics India Signs 25-Year Solar PPAs to Power Manufacturing with 20.8 MWp Capacity

On March 25, 2026, LG Electronics India Limited (LGEIL) announced the execution of long-term solar Power Purchase Agreements (PPAs) to transition its manufacturing operations in Greater Noida and Pune to renewable energy. The agreements involve partnerships with Hinduja Renewables Energy Private Limited (HREPL) and Sunsure Energy. The core objective of these 25-year contracts is the procurement of clean energy to power large-scale production facilities, representing LGEIL’s first captive renewable energy equity investment in a Special Purpose Vehicle (SPV) in India.

Technical Specifications: Capacity and Provider Breakdown

The total contracted capacity under these agreements is 20.8 MWp. The technical breakdown per facility and energy source is as follows:

• Pune Facility:
  • Contracted Capacity: 9.80 MWp.
  • Provider: Hinduja Renewables Energy Private Limited.
  • Energy Source: Sourced from a 27.7 MWp solar plant located in Nanded, Maharashtra.
• Greater Noida Facility:
  • Contracted Capacity: 11 MWp.
  • Provider: Sunsure Energy.
  • Energy Source: Sourced from an 82.5 MWp solar facility located in Erach, Uttar Pradesh.

Energy Generation and Operational Integration

The integration of solar power into LG’s industrial infrastructure will result in the following annual operational metrics:

• Total Annual Generation: Over 3.2 crore units (32 million kWh) of clean electricity.
• Pune Facility Impact: The PPA is projected to meet more than 40% of the plant’s total energy requirements, contributing approximately 1.61 crore units (16.1 million kWh) annually.
• Greater Noida Facility Impact: The solar supply will meet approximately 30% of the facility’s power needs, totaling approximately 1.6 crore units (16 million kWh). This initiative increases the site’s total clean energy share to nearly 50%.

Environmental Impact and Carbon Offset Projections

The project is structured to achieve significant greenhouse gas reductions over the operational lifecycle of the facilities.

Summary of Carbon Reduction Metrics:

• Total Projected Reduction: 0.61 million metric tonnes of CO2e emissions over the project lifecycle.
• Pune Plant Contribution: 0.31 million metric tonnes of CO2e emissions offset.
• Greater Noida Plant Contribution: 0.30 million metric tonnes of CO2e emissions offset.

Corporate and Financial Context

These agreements mark a strategic shift for LG Electronics India, constituting its first captive renewable energy equity investment in an SPV within the Indian market. The 25-year tenure ensures long-term cost stability and operational resilience, aligning with the LG Group’s global sustainability roadmap and RE100 commitments to transition 100% of electricity consumption to renewable sources.

Market Snapshot

Following the announcement on March 25, 2026, LG Electronics India’s share price recorded the following session data:

Official Statements from Principals

Deepak Thakur, Managing Director and CEO of HREPL: “The collaboration is a significant milestone in advancing industrial sustainability. The project reflects a shared vision of transitioning toward cleaner manufacturing practices while delivering dependable renewable energy solutions.”

Reported Statement from Shashank Sharma, Founder and CEO of Sunsure Energy: Shashank Sharma stated that the company aims to support large-scale industrial decarbonization across India and emphasized its role in contributing to LG Electronics’ transition toward greener operations through the provision of reliable and scalable clean energy solutions.