Jakson Green Secures INR 2.96 Billion Credit Facility from First Abu Dhabi Bank for Uzbekistan Solar Project

Jakson Green Private Limited, a new energy transition platform, has secured a credit facility of INR 2.96 billion from First Abu Dhabi Bank’s Mumbai branch. This financing will support Jakson Green’s international expansion, starting with a significant solar photovoltaic (PV) and battery storage project in Uzbekistan.

The project will involve the construction and operation of a 250 MW solar power plant, integrated with a 63 MW/126 MWh battery energy storage system (BESS), situated in Bukhara, Uzbekistan. This initiative marks a significant step towards developing sustainable energy infrastructure in the region.

As Jakson Green extends its reach into the Middle East, Africa, Commonwealth of Independent States (CIS), and Europe, this credit facility signifies a pivotal milestone for the company’s entry into Uzbekistan’s renewable energy market.

Chandan Goswami, Chief Financial Officer of Jakson Green, commented on the partnership: “The support from First Abu Dhabi Bank empowers us to engage with diverse markets and capitalize on opportunities for sustainable growth. This project in Uzbekistan exemplifies our dedication to delivering excellence in utility-scale renewable energy projects, both domestically and internationally, and highlights our commitment to advancing clean energy solutions and fostering global partnerships in the renewable energy sector.”

Nishad Kulkarni, Executive Director of First Abu Dhabi Bank India, added: “We are pleased to support Jakson Green’s international expansion plans in the renewable space. This project aligns perfectly with our commitment to financing sustainable solutions and driving the transition towards a greener future. We are confident that Jakson Green’s expertise and experience will ensure the success of this landmark project globally.”