Jakson Green Secures Rs 600 Mn RE Funding From HSBC

Jakson Green Secures Rs 600 Mn RE Funding From HSBC

Jakson Green has secured a Sustainable Trade Facility of Rs. 600 million from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally.

Jakson Green, renowned for its pioneering work in the sector of Renewables, Green Hydrogen, and its derivatives, is actively expanding its global reach in the Middle East, Africa, CIS countries, and Europe. This Sustainable Trade Facility from HSBC India underscores Jakson Green’s unwavering commitment to ESG responsibilities and its leadership in promoting a sustainable and inclusive future.

Chandan Goswami, Chief Financial Officer of Jakson Green Pvt. Ltd. said, “This partnership with HSBC India is a significant milestone for Jakson Green. It not only bolsters our renewable energy initiatives within India but also supports our global expansion. Through this facility, we solidify our commitment to paving the way for a brighter, greener world for generations to come, with clean energy solutions at the forefront of our mission. ”

Ajay Sharma, Head of Commercial Banking, at HSBC India said “We are committed to supporting and financing the Clean Energy Transition in India. We are pleased to support Jakson Green in their journey to scale up their clean energy business, aligned with our strategic focus on working with our clients to support their sustainability goals.”

In March this year, Jakson Group announced a partnership with Dubai-based Powernsun. Under the partnership, the products will be manufactured at Jakson Group’s Noida facility and will contribute to the sustainable energy landscape of the regions, according to a media statement by Jakson Group.