About Rising Sun Energy

Started in 2014 by first generation entrepreneur, Mr. Arunav Sharma, Rising Sun Energy is a fast-growing independent power producer, generating reliable and affordable energy from renewable power sources. Since its incorporation the company has steadily built a strong presence in the renewable energy sector in India. In the initial years the company had tied-up with two highly reputed Singapore based groups, Charisma Energy and Sunseap, to set-up renewable energy projects in India. Simultaneously, Mr. Arunav built an experienced and proficient team to take care of various aspects of project development. With the backing of the investors and the support of the team, the company grew from a one employee company to a developer and operator of a 175 MWp  solar power asset valued over USD 200 million in a span of around three years.

In 2020, in order to fuel the long-term growth of the group, the company partnered with a strategic investor in the form of Yinson Group, a USD 1.6 billion market cap corporate listed on the Malaysian Stock Exchange. Within 3 months of the acquisition by Yinson, the group was awarded a bid for developing a 285 MWp solar power project in the Nokh Solar Park, Rajasthan with NTPC being the procurer for the project power.
With the above two projects, the RSE group currently has a portfolio of approximately 460 MWp and is actively looking to add more high-quality projects to its portfolio with an aim to deliver sustainable solutions for the energy sector in the coming years.

Corporate Milestones

September 2014

Establishment of Rising Sun Energy

Mr. Arunav Sharma established the Rising Sun Energy group in 2014 at the age of 25 years with an initial capital of INR 3,00,000

January to May 2016

Bid awarded for setting up 2 x 87.5 MWp Solar PV power projects

Post tie-up with initial investors, the group won the bid for setting up 2 x 87.5 MWp solar PV power projects in Bhadla Solar-park, Rajasthan, which is India’s biggest solar park. The PPAs for the projects were executed with NTPC Limited at a fixed tariff of Rs. 4.35 per unit for a period of 25 years. This was the second lowest tariff for solar PV power projects in India at that time

September to December 2017

Commissioning of Bhadla Projects

The Commercial Operations Date for the Bhadla Projects was achieved in parts between September to December 2017

December 2020

Entering into a partnership with Yinson Group

In order to fuel the long-term growth of the group, RSE partnered with a strategic investor in the form of Yinson Group. With the completion of the partnership, the Rising Sun Energy entities became a part of Yinson Holdings Berhad

February to April 2021

Bid awarded for setting up of 285 MWp Solar PV project

Within 3 months of the acquisition by Yinson, the group was awarded a bid for developing a 285 MWp solar power project in the Nokh Solar Park, Rajasthan with NTPC being the procurer for the project power for a period of 25 years

October 2022

Completion of construction of Solar PV project in Nokh

The company completed the construction of the contracted capacity under the PPA and obtained approval from CEA indicating that the project is ready for energization.

About Yinson Holdings Berhad

Yinson Holdings Berhad (Yinson) is one of the world’s leading energy solutions providers, with presence throughout the globe. Yinson designs, constructs, owns and operates purpose-built assets for the energy industry. Rising Sun Energy Pvt Ltd (“RSE”) and Rising Sun Energy (K) Pvt Ltd (“RSEK”) are subsidiaries of Yinson, with Yinson owning 95% and 80% respectively. RSE is the owner and operator of Rising Bhadla 1 & 2, while RSEK is the owner, developer and operator of the Nokh project. Through Yinson’s investment into RSE, the Group has been able to further build a strong pipeline of projects that will deliver sustainable performance for both Yinson and RSE in the years to come. Yinson now operates three business divisions - Offshore Production, Renewables, and Offshore Marine. Yinson’s renewables footprint is rapidly expanding to position the business to become a major revenue stream for the Group as we target becoming one of the leading clean energy independent power producers (IPPs) globally.

Awards

The Outstanding Global Leader of the Year-2018” from Institute of Economic Studies (IES) India

International Business Leadership Innovation Excellence Award from Institute of Economic Studies (IES) India

Best Solar PV Power Plant from Independent Power Producers Association of India (IPPAI)