Noida based Jakson Green is going on an aggressive expansion spree in the clean energy business with a plan to pump in as much as $1 billion in the next four years. The firm wants to ramp up solar, wind, and battery storage, making itself a strong player in India’s clean energy transformation.
“We are committed to investing up to $1 billion across various segments in the next three to four years through a strategic mix of debt and equity,” remarked Bikesh Ogra, Managing Director and Global CEO of Jakson Green.
He emphasized that the company’s thriving Engineering, Procurement, and Construction (EPC) business ensures steady cash flow, supporting its growth trajectory.
One of the major milestones in this direction was Jakson Green’s latest association with Macquarie-backed Blueleaf Energy. In this, Blueleaf made a majority investment in Jakson’s 1 GW solar asset portfolio at an enterprise value of $400 million. The deal comprises three Rajasthan-based solar schemes for which Jakson has secured power purchase agreements and acquired 70% land needed. The projects have pre-existing grid connectivity, thus rendering them easy to integrate.
Blueleaf Energy, with its pan-Asian presence, is not to be underestimated in the clean energy sector, boasting a 7 GW development pipeline across solar, wind, and storage opportunities.
Jakson Green increased its renewables portfolio significantly to the tune of a 1 GW capacity in the space of 18 months.
Jakson Green has rapidly expanded its renewable portfolio, achieving a 1 GW capacity in just 18 months.
“We want to achieve a 5 GW perennial pipeline of such projects by FY27, in solar, wind, batteries, and firm and dispatchable renewable energy (FDRE) solutions,” Ogra said. To realise this dream, the company will be investing $400-$500 million annually.
A subsidiary of the Jakson Group, which was previously famous for producing diesel generators, Jakson Green has experienced a revolution. In the last two years, it diversified into distributed energy, solar inverters and modules, green hydrogen, biofuels, and infrastructure development and became the face of India’s clean energy transition.
Jakson Group boasts six manufacturing plants spread over India, including genset manufacturing units in Gujarat and Maharashtra with production capacities of over 15,000 units per annum. In addition to that, its state-of-the-art units in Greater Noida specialize in battery energy storage systems (BESS), solar modules, and electrolysers. The 1.2 GW production capacity per annum of the solar module plant is supported by a 300 MW capacity of its electrolyser unit compatible with alkaline as well as proton exchange membrane (PEM) technologies.
With an aggressive investment strategy, strategic collaborations, and a relentless drive toward sustainability, Jakson Green is shaping the future of renewable energy in India, lighting the path for a greener tomorrow.
