With Recent Project Additions, Juniper Green Energy Exceeds 1.2 GW Renewable Capacity

With Recent Project Additions, Juniper Green Energy Exceeds 1.2 GW Renewable Capacity

Juniper Green Energy, an independent renewable energy power producer and operator of solar, wind and hybrid power projects, has crossed 1.2 GW of renewable energy capacity with the recent PPAs/ LOAs secured in the last few months.

Projects Won Through Competitive Bidding

The firm has been recently awarded 190 MW of wind capacity from GUVNL and 105 MW of solar capacity from MSEDCL at an average tariff of INR 3.00 (~$0.037) per kWh. These projects were awarded through competitive bidding, followed by an e-Reverse auction held by GUVNL and MSEDCL. As per the bid terms, the PPAs shall be signed between the entities for 25 years, and the projects will be commissioned within 18-24 months. Additionally, the firm has started construction on its first ISTS solar power project of 140 MW capacity under the merchant/C&I route. These combined projects will produce 1.4 billion kWh of clean energy per year, leading to a reduction of approx. 1.3 million tons of CO2 equivalent emissions annually. Additionally, these projects have the potential to provide green energy to power 2.8 Lacs households.

Speaking on this development, Naresh Mansukhani, CEO of Juniper Green Energy, said “This accomplishment demonstrates our dedication to furthering Govt. of India’s vision of a sustainable India, in which the nation achieves net-zero emissions and promotes environmental sustainability. Our team is resolute in its efforts to assist India in becoming a leader in solar energy and to advance the transition to a more sustainable planet, and we are totally committed to assisting this vision by actively helping India’s renewable energy sector.”

Juniper Green Energy is part of the AT Group, which has an asset portfolio worth of approximately US$2.5 billion with global investments in renewable energy, residential and commercial real estate, hospitality etc. The Group has been building utility scale renewable energy projects in India since 2010 and built and owned Orange Renewable, a 1 GW renewable energy platform in the past.

Juniper Green Energy presently has an operational portfolio of about 800 MW with an under-construction capacity of 435 MW and a development pipeline of more than 3 GW of solar, wind and hybrid projects. The company has end-to-end internal competencies in EPC and O&M services for its renewable projects.