Jakson Green's Ambitious Renewable Energy Expansion and Hydrogen Ventures
Key Ideas
  • Jakson Green, a key player in renewable energy, announces a ₹3,500 crore investment in solar projects and green hydrogen, methanol, and ethanol production.
  • The company emphasizes its commitment to expanding renewable energy solutions, highlighting projects in green methanol and hydrogen for industrial applications.
  • Despite higher costs, Jakson Green aims to narrow the cost gap between green and conventional fuels, with a focus on aggressive annual asset growth and international expansion.
  • The company is strategically positioning itself in the Middle East for green energy projects and exploring the use of green methanol in shipping to support cleaner energy sources.
Jakson Green, a significant player in the renewable energy sector based in New Delhi, has announced a substantial investment of ₹3,500 crore to enhance its renewable portfolio, including solar utility projects and ventures into green hydrogen, methanol, and ethanol production. The company, despite being operational for just under two years, has already achieved a global solar project capacity of 5 GWp, with a notable portion directly owned by the company. CEO Bikesh Ogra outlined Jakson Green's pivotal projects, including a 4G ethanol production initiative for a key PSU client and multiple ventures focusing on hydrogen, e-methanol, and CBG production. Ogra expressed confidence in closing the cost disparity between green hydrogen and conventional fuels, emphasizing the company's commitment to advancing renewable energy solutions. Jakson Green is strategically venturing into international markets, particularly eyeing opportunities in the Middle East due to competitive electricity costs in the region. The company aims to bolster its presence in the renewable energy sector by annually adding 1 GW of assets from 2026 onwards, concentrating on solar, solar-wind hybrid, RTC projects, and green hydrogen initiatives. The company's financial strategies involve seeking non-recourse financing through partnerships with development financial institutions and non-banking financial companies. Additionally, Jakson Green is exploring the utilization of green methanol in shipping to align with the global shift towards sustainable marine fuels. The overall sentiment of the article is positive, highlighting Jakson Green's ambitious expansion plans and its proactive approach towards renewable energy and hydrogen ventures.
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