Juniper Green Energy announced that it has inked a Memorandum of Understanding (MoU) worth 5,000 crore with Power Finance Corp. Ltd. In order to obtain funding for its ambitious 1200 MW renewable energy (RE) projects. The MoU was formally signed during the 14th Clean Energy Ministerial (CEM) gathering, which was held concurrently with the G20 Summit. "Juniper Green Energy is on track to achieve more than 4000 MW of capacity by 2027 with a diversified portfolio of solar, wind, and hybrid projects with the above development,".
With a current pipeline of more than 3000 MW of solar, wind, and hybrid projects in various stages of development, Juniper Green Energy has an existing portfolio of about 800 MW, 435 MW of capacity that is under construction, and an existing portfolio of around 800 MW.
"We are appreciative of PFC's trust in us as we work to realise our purpose of providing the promise of a sustainable future for future generations. The partnership will let us take advantage of intriguing opportunities as we work to meet India's exponential need for sustainable energy, according to Parag Agrawal, CFO of Juniper Green Energy.
The asset portfolio of AT Group subsidiary Juniper Green Energy is estimated to be worth $2.4 billion. In order to support a more environmentally friendly future, the firm has been aggressively investing in sustainable businesses such as hospitality, real estate, and renewable energy.
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