Sunsure Energy has set aside a capex of Rs 3,150 crore for renewable energy projects in Tamil Nadu in the next three years.

The company will establish four renewable energy projects with a combined capacity of 500 Mw as part of the MoU.

A company statement said, "Sunsure Energy signs MoU with Tamil Nadu for Rs 3,150 crore investment in the state's renewable energy capacity over the next 3 years. The agreement is aimed at bolstering Tamil Nadu's renewable energy capacity through four greenfield projects with a combined capacity of 500 MW."

Sunsure Energy Founder, Chairman & CEO Shashank Sharma said, "We will utilise our sectoral expertise in the renewable energy sector to contribute our part in boosting the state's renewable energy generation capacity and support its socio-economic and development goals."

The company intends to develop three solar power plants with capacities of 100 MW each and a wind power plant with capacities of 200 MW strategically positioned across the state.