Jakson Green, Blueleaf Energy secure funding for 840 MW solar projects in Rajasthan

New Delhi: Jakson Green and Blueleaf Energy, a pan-Asian renewable energy platform owned by a Macquarie Asset Management managed fund, on Thursday announced the successful financial close of their 840 MW solar projects in Bikaner, Rajasthan.The 280 MW and 560 MW ground-mounted projects form part of the partners’ 1-GW Rajasthan solar portfolio, jointly owned by Blueleaf Energy and Jakson Green through its parent company Jakson Limited, according to the official press release.It added that this financial close, secured with Axis Bank, India, marked the completion of funding for the entirety of the partners’ landmark portfolio.

“The Bikaner projects, which hold 25-year PPAs with the Solar Energy Corporation of India’s 280 MW and NHPC’s 560 MW, are now ready to enter construction. They will join the portfolio’s Bhawad 140 MW solar project, which is already under construction and scheduled for commissioning this year,” said the release.

The company added that within the 1 GW Rajasthan portfolio, the Bikaner projects alone will produce enough electricity annually to power the equivalent of over 1.5 million Indian households. “Securing financial closure for the Bikaner Solar Projects is a testament to both our ability to deliver on our unwavering commitment to advance India’s energy transition and the strength of our partnership with Blueleaf Energy,” said Bikesh Ogra, Vice Chairman & Global CEO of Jakson Green.

Pratyush Thakur, India Country Head for Blueleaf Energy, further added that the completion of this funding for their Rajasthan solar portfolio has brought them a step closer to their goal of adding over 5 GW of renewable energy capacity to the Indian grid by 2030.