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11/14/2022 Sustaining the environment

SunSource Energy doubles its solar energy target to one gigawatt

Pictured left to right: Adarsh Das, SunSource Energy Chief Commercial Officer; Bram Graber, SHV Energy CEO; Pratik Adhikari, SunSource Energy CFO; Georgie Debenham, SHV Energy Investment Director, Renewable Solutions; Kushagra Nandan, SunSource Energy CEO; and Sytze Nijman, SunSource Energy COO.
SHV Energy, via its Indian subsidiary SunSource Energy, has 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 be 100% 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 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.

The SunSource Energy 45-Megawatt Peak (MWp) solar power project in Uttar Pradesh, India.