Jakson Green's Rs 3,500 Crore Investment in Renewable Energy Expansion
Key Ideas
  • Jakson Green, a key player in renewables, plans to invest Rs 3,500 crore in expanding its portfolio, including green hydrogen and methanol projects.
  • The company has achieved a remarkable 5 GWp global solar project capacity and aims to add 1 GW of assets annually from 2026, focusing on various renewable energy projects.
  • Jakson Green's CEO highlighted initiatives in ethanol, hydrogen, and other renewable energy solutions, emphasizing the strategic importance of transitioning to low-carbon energy sources.
  • Despite the current higher costs of green hydrogen, the company is confident in narrowing this cost disparity over time and is exploring global opportunities, including expansion into the Middle East region.
Jakson Green, a prominent player in the renewable energy sector, has announced a massive investment of Rs 3,500 crore to expand its renewable energy portfolio. This investment will include projects in solar utility, green hydrogen, methanol, and ethanol production. The company, established just under two years ago, has already reached a global solar project capacity of 5 GWp and owns 1 GWp of assets. CEO Bikesh Ogra highlighted the company's commitment to renewable energy solutions, focusing on initiatives like ethanol production, hydrogen projects for urban mobility, e-methanol production, and compressed biogas. The company is also venturing into green methanol and hydrogen projects, with plans for a green methanol project commissioning soon and pilot projects for hydrogen in industrial applications. Despite the higher costs of green hydrogen compared to conventional fuels, Jakson Green aims to reduce this disparity over time. They are looking to expand globally, particularly in the Middle East region, and exploring the use of green methanol in shipping. Financially, the company is partnering with development financial institutions and NBFCs for non-recourse financing. Jakson Green's future plans include adding 1 GW of assets annually starting from 2026, with a focus on solar, solar-wind hybrid, round-the-clock projects, and green hydrogen initiatives to establish themselves as leaders in the renewable energy market.
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