Focuses on Green Hydrogen, Methanol, and Global Expansion
Jakson Green, a rising star in the renewable energy sector, announced a significant ₹3,500 crore investment plan to bolster its clean energy portfolio. The company, formed less than two years ago, has already established a strong presence with a global solar project capacity of 5 gigawatts-peak (GWp), including 1 GWp of directly owned assets.
“We’re at the forefront of innovation,” said Bikesh Ogra, CEO and Managing Director of Jakson Green, in an interview with ET Energy World. Ogra emphasized the company’s commitment to diversifying its renewable energy offerings beyond solar. This includes a focus on “renewable energy derivatives,” a critical area for the low-carbon energy transition.
Jakson Green is making significant strides in green methanol and hydrogen projects. “We’re commissioning a green methanol project next month and have pilot projects underway for industrial-scale hydrogen production targeting refineries and steel plants,” Ogra revealed.
While acknowledging the current cost premium of green hydrogen and its derivatives, Ogra expressed confidence in narrowing the gap with conventional fuels. “The cost of green methanol and ethanol is currently higher, but we’re actively working to bridge that disparity,” he said.
Looking beyond domestic markets, Jakson Green has its sights set on the Middle East’s attractive renewable energy landscape. “The competitive electricity costs in the region make it an ideal location for expanding our green projects,” Ogra explained. The company’s established presence in the MENA region’s solar EPC (engineering, procurement, and construction) segment positions them well for this expansion.
Jakson Green is also exploring the potential of green methanol in the shipping industry, aligning with the global push for sustainable marine fuels. This initiative reflects the company’s broader commitment to clean energy across various sectors.
Ogra shed light on Jakson Green’s financial strategy, highlighting their pursuit of non-recourse financing through partnerships with development financial institutions (DFIs) and non-banking financial companies (NBFCs). “We’ve secured promising commitments from several partners for asset-level equity raises, and discussions with DFIs and NBFCs are well underway,” he noted.
Jakson Green has ambitious plans for the future, aiming to add 1 GW of assets annually from 2026 onwards. This expansion will encompass solar, solar-wind hybrid, round-the-clock (RTC) projects, and green hydrogen initiatives. These aggressive targets underscore Jakson Green’s determination to become a leading player in the global renewable energy market.