AltEons Energy Secures Strategic Investment from The Sanmar Group

AltEons Energy, a renewable‑energy platform focused on delivering reliable and sustainable clean‑power solutions, announced that The Sanmar Group has made a strategic investment to support the development of more than 1.5 GW of renewable‑energy projects across India. The capital infusion is intended to accelerate the rollout of round‑the‑clock (RTC) clean power for corporate and industrial (C&I) customers, helping them meet their Environmental, Social, and Governance (ESG) commitments.

The company is currently constructing a 210 MW hybrid portfolio in Maharashtra that combines wind, solar, and Battery Energy Storage Systems (BESS) to serve energy‑intensive businesses in the state. In addition, AltEons aims to secure an additional 800 MW of pipeline capacity by the end of the calendar year, bringing the total pipeline under development to over 1.5 GW.

AltEons serves a diverse set of C&I customers, including manufacturers, automotive firms, data‑centre operators, and industrial‑engineering companies, all of which are seeking long‑term, sustainable energy solutions aligned with their decarbonisation goals.

Quotes

  • Vijay Sankar, Chairman of 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 & CEO of AltEons Energy, added: “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 decarbonisation goals.”

About AltEons Energy

AltEons Energy develops and operates utility‑scale and commercial renewable‑energy solutions for corporate customers. Its core competency lies in providing RTC renewable energy by integrating solar, wind, energy‑storage, and digital energy‑management technologies, thereby delivering reliable, sustainable power that supports India’s energy transition and corporate decarbonisation objectives.

About The Sanmar Group

The Sanmar Group is a diversified industrial conglomerate with businesses in chemicals, speciality chemicals, shipping, engineering, and foundry. With a six‑decade history, Sanmar’s global footprint spans India, Egypt, Singapore, Mexico, and the United States, and it is known for its strong ethical foundation and growth‑through‑partnerships approach.

Contact

For further information, visit www.alteonsenergy.com.

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