JSL Super Steel Signs Solar Power Deal with Sunsure Energy, Targets 40% Cut in Conventional Energy Use

JSL Super Steel, a subsidiary of Jindal Stainless, has entered into a long-term power purchase agreement (PPA) with Sunsure Energy, an independent power producer, as an important step towards greener manufacturing. Under the terms of the agreement, JSL Super Steel will source solar energy of 11 MWp on a long-term basis from Sunsure’s 49 MWp solar project at Augasi, Uttar Pradesh.

This pact is expected to produce 16.5 million units (MUs) of green electricity per annum for JSL Super Steel’s Ghaziabad facility. The move to renewable energy is expected to reduce the company’s dependence on conventional power by 40% and offset nearly 12 million kilograms of carbon emissions annually.

It is part of Jindal Stainless’ larger climate objective and complements the Uttar Pradesh State Power Banking Policy, which aims to promote the use of renewable energy by permitting bank of power to withdraw at specified intervals.

Jagmohan Sood, Wholetime Director and Chief Operating Officer, Jindal Stainless said, “This partnership is also a step towards Jindal Stainless’ ambition to achieve a 50% reduction in carbon emissions by 2035 in the short term.” “As stainless steel industry leaders, we know we are in the presence of a historic moment in which we have a responsibility to lead with cleaner paths of production, including the use of biofuels, green hydrogen and raising the share of renewable energy from the grid at every link in the value chain.”

This act is part of JSL Super Steel’s sustainability roadmap and a concrete step towards energy efficiency and minimised carbon footprint from export to manufacture. As the Indian industrial sector ramps up the adoption of renewable energy, the deal illustrates the role of corporate onside alliances in the country’s clean energy evolution.