Jakson Green Ltd has signed its first long-term agreement for wind energy with Gujarat Urja Vikas Nigam Ltd (GUVNL), marking a significant step forward in the company’s clean energy expansion. The agreement is part of GUVNL’s Phase VIII wind power procurement initiative.
Under the agreement, Jakson Green will develop a 100 MW grid-connected wind project in Gujarat. The company and GUVNL have finalized a 25-year power purchase contract at a tariff rate of ₹3.59 per kilowatt-hour. The project is expected to be commissioned within 24 months and will contribute over 300 million kWh of clean electricity each year. The energy generated is projected to offset roughly 250,000 tonnes of carbon emissions annually.
Kannan Krishnan, Managing Director of Jakson Green, commented on the milestone, stating “This project marks our formal entry into large-scale wind energy and represents a key step in strengthening our clean energy portfolio beyond solar and hybrid assets. It reflects our focus on offering diversified renewable energy solutions to support India’s clean energy goals.”
Krishnan Rajagopalan, who leads the Independent Power Producer (IPP) division at Jakson Green, highlighted India’s strong potential in this space “With an estimated wind capacity exceeding 695 GW, India holds a prominent position globally. Gujarat, in particular, offers significant opportunities, and we intend to be part of the effort to unlock this resource for long-term sustainability.”
Jakson Green’s responsibilities for the project include land acquisition, complete development and installation, securing necessary permits, and ensuring grid connectivity through the State Transmission Utility (STU) to enable GUVNL to receive the generated power. Jakson Green is an India‑based new energy transition platform launched by the Jakson Group, with a vision to scale to a 5 GW renewable portfolio by 2025 and reach 10 GW by 2030, alongside producing over 0.5 million tonnes/year of green hydrogen and ammonia. Since inception, it has delivered over 1.5 GW of solar PV assets, and within its first year built an order book worth INR 5,000 crore (~USD 600 million) for utility‑scale renewable EPC projects across India, the Middle East, CIS and West Africa.
The company develops and delivers green energy assets—including solar, battery storage, green hydrogen, green ammonia, waste‑to‑energy, fuel‑cell technologies and gasification—on both EPC and IPP models, and supports operations & maintenance post‑build. In 2024 and early 2025, it signed a landmark 400 MW solar PPA with NHPC in Rajasthan at Rs 2.53/kWh, and subsequently partnered with Blueleaf Energy to jointly invest USD 400 million in a 1 GW Rajasthan solar portfolio .
