Jakson Green, part of the Jakson Group, is close to securing over 40 billion rupees ($476.4 million) in funds to expand its renewable energy capacity, according to Joint Managing Director Krishnan Kannan.
The company, which currently operates with a 250 megawatt (MW) capacity, aims to add 1 gigawatt (GW) by early 2026.
Kannan noted the investment would be structured with 75% debt and 25% equity, with discussions in advanced stages with green energy funds. The company expects to close the fundraising by November.
This expansion is part of Jakson Green's broader goal to add 1 GW of renewables annually over the next five years. The firm has already secured over 1 GW of renewable energy projects from entities like the Solar Energy Corporation of India and NHPC.
Additionally, Jakson Green is also exploring international opportunities, having secured a credit facility from First Abu Dhabi Bank for global expansion.
India's push to install 500 GW of clean energy by 2030 has encouraged a surge in renewable energy investments, with companies like Jakson Green positioning themselves to contribute to the country's ambitious goals.
Source: Reuters
See Also
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