Juniper Green Energy has secured a phased debt financing of $1 billion
It plans to deploy this to advance its wind-solar hybrid and FDRE projects
PFC, DBS Bank, HSBC Bank, and IREDA are among the lender consortium
Indian renewable energy independent power producer (IPP) Juniper Green Energy has raised $1 billion in phased debt financing to advance its wind-solar hybrid, and firm and dispatchable renewable energy (FDRE) portfolio.
Juniper identifies the lending consortium as including leading financial institutions comprising Power Finance Corporation Limited (PFC), DBS Bank, HSBC Bank, and Indian Renewable Energy Development Agency (IREDA).
In a statement, the company said the proceeds will enable it to execute large-scale renewable energy projects while strengthening its operational capacity to meet the growing need for clean energy in the country.
Part of the diversified AT Group, Juniper operates over 1 GW of renewable energy capacity in India. It touts another 3 GW under construction, and a development pipeline of around 6 GW of solar, wind and hybrid projects. In December 2024, it contracted First Solar for the supply of the latter’s Series 7 FT1 CdTe solar modules.
“Securing this funding highlights the strength of our business model and our long-term strategy,” said Juniper Green Energy CEO Naresh Mansukhani.
Both private and public investors are interested in a pie of the growing solar market of India as companies look for financial backing to advance their renewable energy projects. The $1 billion financing for Juniper follows a similar financing raised by Avaada Group recently for its solar energy and green module manufacturing business (see Avaada Raises INR 8,500 Crore For Solar & Module Projects).
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