Jakson Green Secures INR 600 Million Funding for Renewable Energy Expansion
Key Ideas
- Jakson Green secures INR 600 million sustainable trade facility from HSBC India to support its renewable energy business and global expansion.
- The company is focused on various renewable energy assets including green hydrogen and green ammonia projects, with plans to deliver 15 GW by 2030.
- Led by renewable sector veteran Bikesh Ogra, Jakson Green aims to be a major player in the power-to-X segment, producing over 0.5 million tons per annum of green hydrogen/ammonia by 2030.
Jakson Green, a new energy transition platform, has announced securing a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding is intended to support the company's working capital needs for its renewable energy business in both India and internationally. The company, under the leadership of Bikesh Ogra, a seasoned professional in the renewable sector, has a strong focus on renewables, including green hydrogen and green ammonia projects. They are actively expanding their presence in regions like the Middle East, Africa, CIS countries, and Europe. The partnership with HSBC India is seen as a significant step in bolstering the company's renewable energy initiatives within India and supporting its global expansion plans. Jakson Green aims to deliver 15 GW of new energy assets by 2030, with a vision to become a key player in the power-to-X segment, producing substantial amounts of green hydrogen and ammonia. The company has already set up an electrolyser manufacturing unit and is actively building and operating green hydrogen assets worldwide. This aligns with their ambitious target of producing over 0.5 million tons per annum of green hydrogen/ammonia by 2030, showcasing a strong commitment to sustainability and clean energy transition.
Topics
Green Hydrogen
Manufacturing
Sustainable Energy
Global Expansion
Clean Energy Transition
Financial
Green Ammonia
Renewable Initiatives
Electrolyser
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