Chennai: The Sanmar Group has made an undisclosed investment in renewable energy platform AltEons Energy to support the development of more than 1.5 GW of round-the-clock (RTC) renewable power projects for industrial and corporate customers across India.The investment will help AltEons expand its integrated portfolio of solar, wind, battery storage and energy management solutions aimed at providing reliable renewable power to energy-intensive businesses.AltEons currently has a 210 MW hybrid project under construction in Maharashtra, combining wind, solar and battery energy storage. The company plans to add another 800 MW to its pipeline by year-end.“AltEons has built a compelling platform focused on addressing one of the most critical challenges in energy transition—delivering reliable renewable power at scale,” said Vijay Sankar, Chairman, The Sanmar Group.The platform serves customers across manufacturing, automotive, data centres and industrial engineering, where demand for reliable renewable power is growing as companies pursue decarbonisation and ESG goals.Srinivasan Viswanathan, Founder and CEO of AltEons Energy, said Sanmar’s investment would strengthen the company’s ability to develop more than 1.5 GW of RTC renewable energy projects and help industries meet their decarbonisation goals.
