India's Wonder Cement signs solar power deals with Sunsure Energy

India-based Wonder Cement has signed three long-term solar power purchase agreements with Sunsure Energy to procure renewable electricity for its operations, Sunsure Energy said in a statement on LinkedIn April 8.

According to the statement, the clean power will be supplied via Sunsure's 150-megawatt peak Solapur plant in Maharashtra and the 49-MWp Augasi plant in Uttar Pradesh, to Wonder Cement's plants in Dhule, Maharashtra, and Aligarh, Uttar Pradesh, respectively.

According to Sunsure Energy, the renewable energy is expected to meet a substantial share of demand at both sites, accounting for around 67% of consumption at Dhule and about 52% at Aligarh. The companies added that the arrangement could lower carbon emissions by approximately 33,000 mt/year.

Several traders across Asia said the deal highlights a continued shift among cement and clinker producers toward renewable power sourcing, driven by both cost considerations and sustainability targets.

A South Asia-based trader said, "Renewable energy is the way to go now [for cement and clinker manufacturers]. It reduces carbon emissions in an already carbon-intensive cement and clinker manufacturing process."

Platts, part of S&P Global Energy, assessed cement (ASTM type I) FOB Vietnam at $38/mt on April 2, unchanged from the previous week. Platts also assessed cement clinker FOB Vietnam at $34/mt, stable week over week.