AltEons Energy Secures Sanmar Group Investment for 1.5 GW RTC Renewable Energy Projects

AltEons Energy, a renewable energy platform focused on delivering reliable and sustainable clean power solutions, has announced a  strategic investment from The Sanmar Group. The investment will support the development  of over 1.5 GW of renewable energy projects across India, enabling Corporate and Industrial  (C&I) customers to accelerate their decarbonisation journey while ensuring reliable, firm  renewable power.

The investment marks a significant milestone in AltEons’ growth strategy as the company scales its integrated renewable energy platform combining solar, wind, energy storage and  advanced energy management solutions to provide Round-the-Clock (RTC) clean power to  C&I consumers. AltEons is working on an under-construction pipeline of 210 MW Hybrid portfolio (Wind, Solar, and Battery Energy Storage Systems) in Maharashtra to cater to the  growing demand of energy intensive businesses in the State.  

The company works with customers across manufacturing, automotive, data centres and industrial engineering, among others. These customers are seeking long-term, sustainable energy solutions that support their Environmental, Social and Governance (ESG)  commitments. Apart from this capacity, AltEons will secure another 800 MW pipeline by the  end of the year.

Vijay Sankar, Chairman, The Sanmar Group, said, "AltEons has built a compelling platform focused on addressing one of the most critical  challenges in energy transition, delivering reliable renewable power at scale. We believe the  company's innovative approach, experienced leadership, and strong execution capabilities  position it to become a significant player in India's evolving renewable energy sector. As a multinational, sustainability-focused organization, we are pleased to partner with AltEons on  this exciting journey." 

Srinivasan Viswanathan, Founder and CEO of AltEons Energy, said, "We are delighted to welcome The Sanmar Group as our strategic investor and partner in our mission to transform India's clean energy landscape. This investment reinforces confidence  in our vision of delivering reliable RTC renewable power to C&I customers. With Sanmar's  long-term partnership, we are well positioned to develop over 1.5 GW of RTC renewable  energy projects and help industries accelerate their decarbonization goals."