Juniper Green Energy to invest Rs 4,000 crore in 1 GW renewable energy projects
Separator

Juniper Green Energy to invest Rs 4,000 crore in 1 GW renewable energy projects

Separator

JuniperJuniper Green Energy, a renewable energy independent power producer, aims to allocate Rs 4,000 crore for one-gigawatt (GW) renewable energy projects, as per Naresh Mansukhani, the Chief Executive Officer. Mansukhani mentioned that the timeline for achieving this capacity is by the conclusion of 2025. He highlighted a two-year span following the Power Purchase Agreement (PPA) currently pending while having received the Letter of Award (LoA). He anticipates the PPAs to materialize around January or February, hence expecting the two-year duration to commence by January-February 2026.

He explained that among the 1-gigawatt (GW) capacity, they secured a 75-megawatt (MW) hybrid project through a Tata bid, a 50-MW wind project, and a 200-MW firm dispatchable renewable energy (FDRE) project in collaboration with SJVN, including battery backup. The investment required for this 1-GW capacity is estimated at around Rs 4,000 crore. Currently, with 800 MW of operational capacity, the company has ongoing construction for 435 MW of projects encompassing wind and solar. Additionally, it has obtained Letters of Award (LoAs) for other projects, awaiting the finalization of Power Purchase Agreements (PPAs).

Moreover, he indicated a robust pipeline of over 2 GW capacity, equipped with established land and connectivity infrastructure. To meet the demand for a high Plant Load Factor (PLF) of over 70%, substantial capacity addition is necessary, necessitating more significant investment. Regarding the SJVN FDRE, he mentioned an additional 120 MW capacity acquired through a greenshoe option, for which they've received LoAs. To support this 320 MW, the installation will require over 900 MW of solar and wind capacities.