LG Electronics India signed long-term solar power purchase agreements with Hinduja Renewables Energy Private Limited (HREPL) and Sunsure Energy on Wednesday to supply renewable electricity to its Greater Noida and Pune manufacturing facilities.
The company signed a 9.80 MWp solar PPA with HREPL for its Pune plant and an 11 MWp agreement with Sunsure Energy for Greater Noida.
Together, the two deals will supply approximately 3.21 crore units of renewable energy annually — enough to power around 50,000 Indian households each year — and are expected to offset 0.61 million metric tonnes of CO2e over their combined lifetime.
Both agreements run for 25 years and are set to become operational in the second quarter of calendar year 2026.
The company described the deals as its first captive renewable energy project in India and its first strategic equity investment in an Indian special purpose vehicle (SPV) for power generation.
HREPL will draw power from its 27.7 MWp solar plant in Nanded, Maharashtra, meeting roughly 40 per cent of the Pune facility’s energy needs.
Sunsure Energy will supply power from its 82.5 MWp plant in Erach, Uttar Pradesh, covering about 30 per cent of the Greater Noida facility’s requirement and lifting the plant’s total renewable energy share to approximately 50 per cent.
Managing Director Hong Ju Jeon said the initiative aligns with LG’s global RE100 commitment to transition to 100 per cent renewable energy and supports India’s net-zero target for 2070.
The shares of LG Electronics India shares closed at ₹1,510.80 on the NSE on Wednesday, up 1.29 per cent from the previous close of ₹1,491.60, on the day the announcement was made.