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SunSource Energy logo — An SHV Energy Company

SunSource Energy

An SHV Energy Company

Founded 2010 India Noida, India 240 employees Series Unknown Total: $422.90M Energy, Renewable Energy +1

General Information

Company Name SunSource Energy
Founded Year 2010
Location India Noida, India +1
Founders / Decision Makers
Assessment of World PV Market Nandan — Co-Founder & Managing Director
Employees 240
Industries Energy, Renewable Energy, Construction
Funding Stage Series Unknown
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About SunSource Energy

SunSource Energy is a leading provider of solar-based energy and storage solutions to commercial, industrial, and institutional customers. Established in 2010 and headquartered in Delhi NCR, the company develops, builds, and operates distributed power infrastructure for its clients and has assets across 24 states in India and in Southeast Asia. The firm offers customized solar power solutions to clients through innovative business models for on-site and off-site PPAs (Power Purchase Agreements). As the preferred energy transition partner, SunSource Energy manages the entire life cycle of the solar project they take up – from financing and development to asset management. The company has developed a portfolio of over 400 MWs* of Solar Power projects and is the preferred partner for over 150 Commercial & Industrial firms like Coca-Cola, GE, Celebi, Indian Oil, Max Healthcare, Yakult, Himalaya, Dominos, Pepsico, and many others. In March 2021, SHV Energy, a leading global distributor of off-grid energy, acquired a majority stake in SunSource Energy. Being active in the area of sustainable fuels and renewable energy solutions, SHV Energy is part of the Netherlands-based, 125-year-old SHV Holdings. The last investment made in February 2018 was of INR422.90M in a Venture Round investment, with SBICAP Ventures being the investor. This acquisition represents a significant step for both companies as it underscores the growing importance of renewable energy solutions in the global energy landscape and positions SunSource Energy for further growth and expansion with the backing of SHV Energy.

Taxonomy: Solar Power, Energy Solutions, Commercial & Industrial, Power Purchase Agreements, Distributed Energy, Sustainable Fuels, Off-grid Energy, Solar Project Development, EPC Services, Carbon Emission Reduction, SHV Energy, Energy Transition Partner, South-East Asia Presence

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round INR422.90M 1
SBICAP Ventures
16 Feb 2018

SunSource Energy Alternatives & Competitors

SunSource Energy vs
TrueRE - Oriana Power Ltd
TrueRE - Oriana Power Ltd India

Optimization To Innovation

Undisclosed
118 employees
Renewable Energy, Clean Energy
Compare SunSource Energy vs TrueRE - Oriana Power Ltd
SunSource Energy vs
U.S. Light Energy
U.S. Light Energy United States

Leading the Charge for a New Generation.

Acquired
13 employees
Energy, Renewable Energy
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SunSource Energy vs
X-SOLAR SYSTEMS
X-SOLAR SYSTEMS Kenya

X-Solar Systems is one of the leading providers of captive solar energy solutions across Sub-Saharan...

41 employees
Renewable Energy
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Also compare with: SunSource Energy vs Shams Power Limited Shams Power Limited

FAQ About SunSource Energy

An SHV Energy Company
SunSource Energy was founded in 2010.
SunSource Energy is headquartered in Noida, India.
SunSource Energy operates in the following industries: Energy, Renewable Energy, Construction.
SunSource Energy has approximately 240 employees.
SunSource Energy has completed 1 funding round, raising a total of $422.90M. The latest funding stage is Series Unknown.
Top alternatives and competitors to SunSource Energy include TrueRE - Oriana Power Ltd, U.S. Light Energy, X-SOLAR SYSTEMS, Hakai Energy Solutions Inc., LYS Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SunSource Energy and TrueRE - Oriana Power Ltd are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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