The ambitious target will be supported by a strengthened local management team
Noida, India : SunSource Energy, the Indian subsidiary of SHV Energy, today announced that it will double its solar energy deployment target. The target will increase from 550 megawatts to one gigawatt by 2027.
The increased solar energy capacity will help to support a growing customer base across India that wishes to make the transition to cleaner, more sustainable power. To support the significant delivery scale-up, the India leadership team is also being expanded.
“This investment to significantly bolster our solar energy delivery capacity reiterates SHV Energy’s commitment to India and to our solar subsidiary, SunSource Energy. Together with the expansion of our local management team, we will now be better equipped to address the evolving energy transition needs of commercial and industrial consumers in India and Southeast Asia,”said Bram Gräber, CEO of SHV Energy.
India-based SunSource Energy, a leading provider of distributed energy, will be100% owned by SHV Energy. As part of its leadership team expansion, the company’s existing Managing Director, Kushagra Nandan, will take on the role of Chief Executive Officer, and Adarsh Das has been appointed Chief Commercial Officer to support the accelerated growth trajectory. Sytze Nijman will move from Netherlands-based SHV Energy to take on the role of Chief Operating Officer, and Pratik Adhikari has joined the company from professional services firm Alvarez & Marsal and will assume the role of Chief Financial Officer.
The current SunSource senior leadership team will continue to play a pivotal and active role over the long term in realising the company’s extended targets.
“The demand for solar energy from commercial and industrial customers in India is growing rapidly and we are pleased to be able to help meet that need,” said Kushagra Nandan, Managing Director and CEO of SunSource Energy. “This expansion also enables us to continue to benefit from the global SHV Energy network and its vast expertise and resources.”
About SHV Energy
SHV Energy is a leading global distributor of off-grid energy, such as LPG and LNG, and is active in sustainable fuels and renewable energy solutions. SHV Energy enables its customers to switch from heating oil and solid fuels to cleaner fuels resulting in a lower carbon impact and improved air quality. SHV Energy is a wholly owned subsidiary of SHV, a family-owned multinational, and consists of a group of specialised energy companies. Our brands include Calor, Ipragaz, Liquigas, Primagaz, SUPERGAS and Supergasbras.
About SunSource Energy
SunSource Energy is a leading provider of solar-based energy and storage solutions to commercial and industrial (C&I) customers and manages the entire lifecycle of distributed solar projects. Headquartered in Delhi NCR, the company has a portfolio of over 400 MW of solar power projects, deployed, contracted, and under-development, across 24 states in India and Southeast Asia. SunSource is a subsidiary of SHV Energy, a 125-year-old Dutch multinational.
