Juniper Green Energy announced on Monday that it has successfully secured $1 billion in phased debt financing from top financial institutions. This funding will be directed towards expanding its wind-solar hybrid and Firm & Dispatchable Renewable Energy (FDRE) projects.
The financing comes from leading organizations such as Power Finance Corporation Limited (PFC), DBS Bank, HSBC Bank, and the Indian Renewable Energy Development Agency Limited (IREDA), further bolstering Juniper Green’s efforts in the renewable energy sector.
The capital infusion will enable Juniper Green Energy to scale up its renewable energy projects, enhance operational capacity, and meet the growing demand for sustainable energy solutions. The company currently operates 1.1 GWp of renewable energy capacity.
As part of its expansion, Juniper Green 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). The company has also partnered with First Solar to supply 1,000MWp of Series 7 solar photovoltaic modules.
These initiatives are set to further accelerate India’s transition to clean energy, with the equipment being deployed across strategic locations. Naresh Mansukhani, CEO of Juniper Green Energy, expressed confidence in the company’s business model, stating, “Securing this funding underscores the strength of our strategy and long-term vision.”
Juniper Green Energy is a prominent independent renewable energy producer specializing in the development, construction, and operation of solar, wind, and hybrid power projects. Headquartered in Gurgaon, India, the company is dedicated to accelerating the transition to sustainable energy through innovative solutions and large-scale renewable energy assets.
With a diverse portfolio spread across multiple states, including Rajasthan, Gujarat, and Maharashtra, Juniper Green Energy emphasizes a commitment to clean power generation and operational excellence. The company actively contributes to India’s renewable energy goals by leveraging advanced technology and fostering collaborations that promote energy independence and sustainability.
