LG Electronics India Accelerates Renewable Energy Transition with New Solar PPAs
New Delhi, March 25, 2026 – LG Electronics India Limited has signed long-term solar Power Purchase Agreements (PPAs) with Hinduja Renewables Energy Private Limited (HREPL) and Sunsure Energy to source renewable energy for its Greater Noida and Pune manufacturing facilities. The initiative will generate over 3.2 crore units of clean electricity annually, equivalent to powering up to 50,000 Indian households each year.Under the agreements, LGE India has secured a 9.80 megawatt peak (MWp) solar PPA with HREPL for the Pune facility and an 11 MWp solar PPA with Sunsure Energy for the Greater Noida facility. LGE India will source approximately 3.21 crore units of renewable energy annually for both facilities, offsetting around 0.61 million metric tonnes of CO2e over the project lifetime.
“This project represents a defining milestone for LGE India, marking our first captive renewable energy project in the country and reinforcing our decisive shift towards sustainable manufacturing,” said Mr. Hong Ju Jeon, Managing Director and Chief Sales and Marketing Officer, LGE India.
HREPL will supply 1.61 crore units of clean power annually from its 27.7 MWp solar plant in Nanded, Maharashtra, meeting 40% of the Pune facility's energy needs. Sunsure Energy will supply approximately 1.6 crore units of renewable electricity annually from its 82.5 MWp solar plant in Erach, Uttar Pradesh, enabling LGE India to meet around 30% of its Greater Noida facility's energy requirement and increase total renewable energy consumption at the plant to approximately 50%.
“We are pleased to be a part of LGE India's sustainability journey,” said Mr. Deepak Thakur, MD & CEO, HREPL.
Mr. Shashank Sharma, Founder, Chairman & CEO, Sunsure Energy stated, "This collaboration goes beyond a power purchase agreement - it marks the beginning of a long-term relationship with LG Electronics India."
The agreements, which mark LGE India's first strategic equity investment in an Indian special purpose vehicle (SPV) for power generation, are for a period of 25 years and will officially begin in the second quarter of CY2026.
About LG Electronics India Ltd
LG Electronics India Limited (LGEIL) was established in January 1997 in India. It is focused on various consumer electronics and B2B businesses, from home appliances and media entertainment to HVAC and commercial displays. LGEIL's manufacturing units at Greater Noida and Ranjangaon, Pune has the capacity to manufacture LED TVs, air conditioners, commercial air conditioning systems, washing machines, refrigerators, and monitors.About Hinduja Renewable Energy Private Limited
Hinduja Renewables Energy Private Limited (HREPL) has a diversified 3 GWp portfolio spanning utility-scale, commercial, industrial, and rooftop projects. The company targets 10 GW of capacity by 2030.About Sunsure Energy
Sunsure Energy is India's preferred Round-the-Clock renewable energy solutions provider. Backed by Partners Group AG, Sunsure targets 10 GW by 2030.Source:
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