Green Power Boost: Juniper Secures ₹1,739 Crore from IREDA

Juniper Green Energy has secured ₹1,739 crore in debt financing from the Indian Renewable Energy Development Agency (IREDA) to support the expansion of its renewable energy portfolio and that of its subsidiaries.

The funds will be used to advance the development of large-scale solar, wind, and hybrid energy projects, while also strengthening the company's operational capabilities. This follows Juniper’s earlier USD 1 billion debt raise in 2024 from Power Finance Corporation (PFC), DBS Bank, HSBC, and IREDA.

“This funding from IREDA marks another important step in our growth journey. We remain committed to scaling renewable energy infrastructure that is sustainable and aligned with India's energy goals,” said Parag Agrawal, CFO of Juniper Green Energy.

The company currently operates 1.45 GWp of capacity and has recently achieved key project milestones ahead of schedule. These include commissioning a 103 MWp solar unit of its hybrid project in Karanja, Maharashtra, 16 months early, and partially commissioning 25 MW of a 50 MW wind project in Gujarat three months ahead of schedule—underscoring its strong execution capabilities in India’s clean energy sector.

News by Rahul Yelligetti.