Jakson Green, Blueleaf to Develop 1 GW Solar Projects In Rajasthan
POWER & RENEWABLE ENERGY

Jakson Green, Blueleaf to Develop 1 GW Solar Projects In Rajasthan

Homegrown Jakson Green and Singapore-based Blueleaf Energy announced their collaboration to develop one GW solar projects in Rajasthan at an investment Rs 340 billion. The partnership will focus on jointly developing and building gigawatt-scale green energy projects in India, Jakson Green, a leading new energy transition platform, said in a statement. The inaugural 1 GW portfolio, funded through a combination of debt and equity, comprises three solar projects, it added. These projects include Intra State Transmission System (InSTS) and Inter State Transmission System (ISTS) projects with 25-year power purchase agreements (PPAs) secured via competitive bidding from RUVNL, SECI, and NHPC. The three solar projects are expected to be progressively commissioned in 2025-2026. Blueleaf Energy is a leading pan-Asian Renewable energy platform that develops, finances, owns and operates renewables and storage assets. Projected to generate over 1,800 GWh of green energy a year, enough to sustainably power over 1.5 million Indian households, the Rajasthan Solar Portfolio will save over 22 million tons of CO2 emissions over 25 years, the equivalent of removing over five million cars from the road, the statement added. The initiative will also create valuable job opportunities during both construction and operation phases, demonstrating the strong commitment of both JGPL and Blueleaf to sustainable development. Jakson Green engaged Ernst & Young (EY) as the exclusive sell side investment banker for the entire transaction. Jakson Green also announced that it has strengthened its financial foundation, securing credit facilities of Rs 2.96 billion from First Abu Dhabi Bank (Mumbai) and Rs 600 million from HSBC. These funds will support its domestic and international Engineering, Procurement, and Construction (EPC) operations.

Homegrown Jakson Green and Singapore-based Blueleaf Energy announced their collaboration to develop one GW solar projects in Rajasthan at an investment Rs 340 billion. The partnership will focus on jointly developing and building gigawatt-scale green energy projects in India, Jakson Green, a leading new energy transition platform, said in a statement. The inaugural 1 GW portfolio, funded through a combination of debt and equity, comprises three solar projects, it added. These projects include Intra State Transmission System (InSTS) and Inter State Transmission System (ISTS) projects with 25-year power purchase agreements (PPAs) secured via competitive bidding from RUVNL, SECI, and NHPC. The three solar projects are expected to be progressively commissioned in 2025-2026. Blueleaf Energy is a leading pan-Asian Renewable energy platform that develops, finances, owns and operates renewables and storage assets. Projected to generate over 1,800 GWh of green energy a year, enough to sustainably power over 1.5 million Indian households, the Rajasthan Solar Portfolio will save over 22 million tons of CO2 emissions over 25 years, the equivalent of removing over five million cars from the road, the statement added. The initiative will also create valuable job opportunities during both construction and operation phases, demonstrating the strong commitment of both JGPL and Blueleaf to sustainable development. Jakson Green engaged Ernst & Young (EY) as the exclusive sell side investment banker for the entire transaction. Jakson Green also announced that it has strengthened its financial foundation, securing credit facilities of Rs 2.96 billion from First Abu Dhabi Bank (Mumbai) and Rs 600 million from HSBC. These funds will support its domestic and international Engineering, Procurement, and Construction (EPC) operations.

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?