Juniper Green Energy has secured $1 billion in phased debt financing from leading financial institutions, aimed at expanding its renewable energy projects, particularly in wind-solar hybrid and Firm & Dispatchable Renewable Energy. The funding will enhance the company’s operational capacity and support their transition to clean energy. Recent developments include orders for wind turbine generators and solar photovoltaic modules.
Juniper Green Energy, a prominent renewable energy developer, has announced the successful acquisition of $1 billion in phased debt financing over recent months. This significant funding, sourced from renowned financial institutions such as Power Finance Corporation Limited, DBS Bank, HSBC Bank, and the Indian Renewable Energy Development Agency Limited, is aimed at bolstering the growth of the company’s renewable energy initiatives, particularly in wind-solar hybrid and Firm & Dispatchable Renewable Energy projects.
The funding will empower Juniper Green Energy to undertake extensive renewable projects, enhance its operational capabilities, and address the increasing demand for sustainable energy solutions. Currently, the company operates with a total capacity of 1.1 GWp, underscoring its commitment to renewable energy.
In addition to securing financing, Juniper Green Energy has made recent significant strides by ordering 200 units of the EN 182/5 MW wind turbine generator and a 320.38 MWh Battery Energy Storage System from Envision Energy India. Furthermore, it has entered into a partnership with First Solar to procure 1,000MWp of Series 7 solar photovoltaic modules, which will be implemented across various key Indian states, facilitating the transition to clean energy.
Naresh Mansukhani, Chief Executive Officer of Juniper Green Energy, expressed, “Securing this funding highlights the strength of our business model and our long-term strategy.” As an independent power producer, Juniper Green Energy focuses on solar, wind, and hybrid power projects, demonstrating its dedication to advancing renewable energy solutions.
In conclusion, Juniper Green Energy’s recent $1 billion debt financing marks a significant advancement in its strategy to expand its renewable energy projects. The collaboration with prominent financial institutions and the acquisition of critical technologies will enhance the company’s operational capacity. This strategic move reflects the growing commitment to meeting the global demand for clean energy solutions.
Original Source: www.business-standard.com
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