Juniper Green Energy, a renewable energy developer, has secured US$1 billion in phased debt financing from leading financial institutions, including Power Finance Corporation Limited (PFC), DBS Bank, HSBC Bank, and the Indian Renewable Energy Development Agency Limited (IREDA). This funding will support the company’s growth and the development of its wind-solar hybrid and Firm & Dispatchable Renewable Energy (FDRE) projects.
The financing will help Juniper Green Energy execute large-scale renewable projects, strengthen its operational capacity, and meet the increasing demand for clean energy in India. The company currently operates a total capacity of 1.1 GWp and is expanding its portfolio with major equipment orders and strategic partnerships.
Recently, Juniper Green Energy 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). The company has also partnered with First Solar for the supply of 1,000 MWp of Series 7 solar photovoltaic modules. These advanced technologies will be deployed across key Indian states to support the country’s transition to clean energy.
Naresh Mansukhani, CEO of Juniper Green Energy, expressed confidence in the company’s long-term strategy, stating that securing this funding demonstrates the strength of its business model. He emphasized that the financing will enable the company to scale up operations and contribute significantly to India’s clean energy transition.
With strong financial backing and strategic investments, Juniper Green Energy is well-positioned to accelerate the growth of renewable energy and support India’s sustainability goals.
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Juniper’s $1 billion funding is a great boost to India’s renewable energy landscape! It’s exciting to see companies like Avaada Group already delivering large-scale solar and wind projects, backed by strong financial planning and strategic execution.