During the 14th Clean Energy Ministerial (CEM) meeting, held on the sidelines of the G20 Summit, Juniper Green Energy achieved a significant milestone by signing a Memorandum of Understanding (MOU) with Power Finance Corporation Limited (PFC). The MOU entails funding of Rs. 5,000 Cr for Juniper Green Energy’s upcoming 1200 MW Renewable Energy projects. This partnership positions Juniper Green Energy on a promising trajectory, with plans to surpass 4000 MW of capacity by 2027. Their portfolio encompasses a diverse range of solar, wind, and hybrid projects, aligning with their ambitious goal to play a pivotal role in achieving India’s “Net Zero” target.
Currently, Juniper Green Energy boasts an existing portfolio of approximately 800 MW, with an additional 435 MW capacity under construction. Moreover, they have an extensive development pipeline that includes more than 3000 MW of solar, wind, and hybrid projects at various stages of progress.
Parag Agrawal, the CFO of Juniper Green Energy, expressed gratitude towards PFC for their unwavering confidence and support. He emphasized that this collaboration would enable them to pursue exciting opportunities, reinforcing their commitment to delivering a sustainable future for generations to come. By addressing the exponential growth in demand for sustainable energy solutions in India, Juniper Green Energy is poised to make a significant impact on the country’s clean energy landscape.
This strategic alliance between Juniper Green Energy and PFC is not only a testament to the increasing momentum in the renewable energy sector but also a step towards enhancing India’s efforts to transition to a greener and more environmentally responsible energy future. With their shared vision and financial backing from PFC, Juniper Green Energy is well-positioned to lead the way in driving sustainable energy development and bolstering India’s journey towards a greener and more sustainable future.