Juniper Green Energy, an independent renewable energy power producer and operator of solar, wind, and hybrid power projects, has received an investment of $150 million from AT Capital Group and Vitol to support the expansion of its operational capacity.
The two investors had invested $200 million in Juniper nearly two years ago.
With an operational portfolio of nearly 800 MW and an under-construction capacity of 435 MW, Juniper Green expects to solidify its position as a key player in the Indian renewable energy sector.
The company has a development pipeline of more than 3 GW across solar, wind, and hybrid power projects. This substantial increase in investment is expected to help Juniper realize its plans to triple its operational capacity to 2.5 GW by 2026.
Sanjay Bakliwal, Director at AT Capital Group, said, “We are thrilled to deepen our partnership with Juniper Green Energy through this increased investment. Their impressive project pipeline, combined with their proficiency in Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M) services, aligns seamlessly with our vision for a sustainable and greener future.”
Mike Muller, Head of Vitol Asia, said, “Vitol is committed to investing in sustainable energy solutions worldwide. We are pleased to support Juniper Green Energy’s ambitions to deliver a growing renewable power portfolio at a time of increasing power demand.”
In July this year, Juniper Green Energy signed a memorandum of understanding with the Power Finance Corporation for a funding of ₹50 billion for its upcoming 1.2 GW renewable energy projects.
Recently, Juniper Green Energy won 75 MW by quoting ₹3.27 (~$0.039)/kWh in Tata Power’s auction to develop and procure power from 225 MW of grid-connected intrastate and interstate wind-solar hybrid power projects with a greenshoe option of 225 MW on a long-term basis.
Juniper Green Energy also won the Maharashtra State Electricity Distribution Company’s auction to procure power from 500 MW of grid-connected intrastate solar projects (Phase-VII) on a long-term basis.
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