Strategic funding from top financial institutions will drive the development of wind-solar hybrid and battery storage projects, accelerating India’s clean energy transition.
Juniper Green Energy has successfully raised $1 billion in phased debt financing from top financial institutions, including Power Finance Corporation Limited (PFC), DBS Bank, HSBC Bank, and the Indian Renewable Energy Development Agency Limited (IREDA). This significant funding boost will accelerate the company’s expansion into wind-solar hybrid and Firm & Dispatchable Renewable Energy (FDRE) projects, reinforcing India’s transition to clean energy.
Fueling India’s Green Energy Future
With this latest financing, Juniper Green Energy is set to enhance its operational capacity and execute large-scale renewable projects, catering to the growing demand for sustainable energy solutions. The company currently operates a total capacity of 1.1 GWp and is making strategic investments to expand its footprint in India’s renewable sector.
Key Developments and Strategic Partnerships
In a major move, Juniper Green Energy has placed an order with Envision Energy India for 200 units of the EN 182/5 MW wind turbine generator and a 320.38 MWh Battery Energy Storage System (BESS). Additionally, the company has partnered with First Solar for the supply of 1,000 MWp of Series 7 solar photovoltaic modules. These cutting-edge technologies will be deployed across key Indian states to enhance the reliability and efficiency of renewable energy generation.
Commenting on the development, Naresh Mansukhani, CEO of Juniper Green Energy, stated:
“Securing this financing highlights the strength of our business model and long-term strategy. With this funding, we are well-positioned to scale up operations and play a pivotal role in India’s clean energy transition.”
Driving India’s Renewable Energy Transition
As India accelerates its efforts to meet its renewable energy targets, Juniper Green Energy’s strategic investments in wind, solar, and battery storage projects will contribute significantly to reducing carbon emissions and promoting sustainable energy solutions.
This latest financing milestone underscores India’s growing momentum in clean energy development and reaffirms Juniper Green Energy’s commitment to building a greener and more sustainable future.