Jakson Green's Ambitious Investment in Renewable Energy and Green Derivatives
Key Ideas
  • Jakson Green, a renewable energy company, plans a significant ₹3,500 crore investment for expanding solar utilities and green derivatives like hydrogen and methanol.
  • CEO Bikesh Ogra is leading the company to achieve 5 gigawatts-peak of global solar capacity within two years and to pioneer projects in ethanol and hydrogen for industrial use.
  • Despite high costs, the company aims to bridge the price gap with traditional fuels, especially focusing on green methanol and ethanol's economic viability.
  • Jakson Green is also venturing into international markets like the Middle East, aiming to leverage lower electricity costs and promote green methanol for sustainable marine fuel applications.
Jakson Green, a growing player in the renewable energy sector, has revealed plans for a massive ₹3,500 crore investment, sourced through private equity and non-recourse financing. This capital injection will fuel the company's expansions in solar utilities and various green derivatives, including hydrogen, methanol, and ethanol. CEO Bikesh Ogra is spearheading the company's charge into new territories, aiming to achieve a remarkable 5 gigawatts-peak of global solar capacity in under two years. The company is not just focusing on solar energy but is also delving into innovative projects like 4G ethanol production for a major PSU and leading-edge initiatives in hydrogen and e-methanol for industrial applications. Despite the current challenges posed by the high costs of green derivatives, Ogra remains optimistic about narrowing the price difference with traditional fuels. Jakson Green is strategically working on making green methanol and ethanol more economically feasible, showcasing its commitment to sustainability. Internationally, Jakson Green is eyeing opportunities in regions like the Middle East to capitalize on competitive electricity prices and expand its renewable energy projects. The company is also setting its sights on green methanol for sustainable marine fuel applications, emphasizing its dedication to clean energy transitions across various sectors. Moreover, Ogra has outlined ambitious financial strategies that involve partnerships with development financial institutions and non-banking financial companies. The goal is to increase assets by 1 gigawatt annually starting from 2026. This bold expansion strategy underscores Jakson Green's determination to establish a significant presence in the global renewable energy market, showcasing their commitment to a sustainable future.
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