Jakson Green, an Indian renewable energy platform, and Singapore-based Blueleaf Energy announced a joint venture to develop a 1 GW solar project in Rajasthan, with a total investment of USD 400 million (approximately Rs 3,400 crore). This collaboration focuses on the development of large-scale green energy projects in India. According to Jakson Green, this partnership further strengthens its position as a leading player in the global energy transition.
The 1 GW project portfolio, funded through a mix of debt and equity, consists of three solar projects. These include both Intra State Transmission System (InSTS) and Inter State Transmission System (ISTS) projects, each secured with 25-year power purchase agreements (PPAs) through competitive bidding from RUVNL, SECI, and NHPC. The projects are set to be commissioned progressively between 2025 and 2026.
“By combining Blueleaf’s expertise in development and commercial operations with Jakson Green’s execution capabilities, we have formed a powerful partnership that aims to meet our shared goal of adding over 5 GW of renewable energy to India’s grid by 2030,” said Raghuram Natarajan, CEO of Blueleaf Energy.
Once completed, the Rajasthan solar portfolio is expected to generate more than 1,800 GWh of green energy annually, enough to power 1.5 million households in India. The projects will help reduce CO2 emissions by 22 million tons over 25 years, equivalent to taking five million cars off the road.
The initiative will also create significant employment opportunities during both the construction and operational phases, reflecting the strong commitment of both Jakson Green and Blueleaf to sustainable development.
Jakson Green has also secured Rs 2.96 billion in credit facilities from First Abu Dhabi Bank (Mumbai) and Rs 600 million from HSBC to support its domestic and international Engineering, Procurement, and Construction (EPC) activities. Blueleaf Energy is a prominent renewable energy platform operating across Asia, focused on developing, financing, owning, and managing renewable and storage assets to accelerate the transition to a net-zero future.
The company upholds stringent environmental, social, governance, and safety standards, catering to corporate, industrial, and utility customers by providing access to cost-effective, sustainable energy solutions that support their decarbonization goals. With a development pipeline exceeding 7 GW in solar, wind, and energy storage, Blueleaf Energy has a proven track record of 2 GW of developed and built capacity worldwide, including 500 MW across the Asia-Pacific region.
Jakson Green, a global energy transition company headquartered in Noida, India, with an international base in Dubai, operates under the backing of the Jakson Group. The company specializes in EPC, IPP, BOO, and O&M across solar, wind, green molecules, and compressed biogas (CBG). With a solar EPC portfolio surpassing 5 GWp globally, 4 GWp in renewable O&M, and over 1 GWp of assets under development, Jakson Green stands at the forefront of the renewable sector.
Since its founding in 2022, the company has been driving the expansion of green hydrogen, 4G ethanol, and low-carbon methanol projects, with an annual production capacity of 8,500 TPA. Additionally, its subsidiary, Jakson Infinity, has established a 300 MW electrolyser manufacturing facility. As part of its growth strategy, the company is also venturing into the biofuels sector.
