Jakson Green to Invest $1 Billion in Renewable Energy Expansion

Noida-based Jakson Green plans to invest up to USD 1 billion over the next four years to expand its renewable energy portfolio through a mix of debt and equity financing.

The company’s EPC business generates strong cash flows, ensuring liquidity for growth. It is also pursuing strategic partnerships, exemplified by its recent deal with Macquarie-owned Blueleaf Energy, which acquired a significant stake in Jakson Green’s 1 GW solar portfolio for USD 400 million. Blueleaf will hold separate stakes in three Rajasthan solar projects, all of which have secured grid connectivity and power purchase agreements. With a 7 GW pan-Asian renewable energy pipeline, Blueleaf enhances Jakson Green’s expansion strategy.

Jakson Green targets a 5 GW renewable energy portfolio, requiring an annual investment of USD 400-500 million.

The company operates six manufacturing plants across India, including genset facilities in Gujarat and Maharashtra with an annual production capacity exceeding 15,000 units. In Greater Noida, Uttar Pradesh, Jakson Green manufactures battery energy storage systems (BESS), solar modules, and electrolysers. Its solar module plant has a 1.2 GW annual capacity, producing half-cut cells, mono, and bifacial modules. The electrolyser plant, with a 300 MW capacity, supports both alkaline and PEM technologies.

News by Rahul Yelligetti.