Blueleaf Energy & Jakson Green Announce Partnership with USD 400 Million, 1 GW Solar Portfolio
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    Press Release

    Singapore

    Blueleaf Energy & Jakson Green Announce Partnership with USD 400 Million, 1 GW Solar Portfolio

    30 January 2025

    FOR IMMEDIATE RELEASE
    —    25-year PPAs secured with the Solar Energy Corporation of India Limited (SECI), NHPC (National Hydroelectric Power Corporation Private Limited), and Rajasthan Urja Vikas Nigam Limited (RUVNL)
    —    Blueleaf Energy and Jakson Green targeting 5 GW+ of renewable capacity in India by 2030
    —    Rajasthan Solar Portfolio will save over 22 million tons of CO₂ emissions, equivalent of removing >5 million cars from road

    30 January 2025, SINGAPORE     – Blueleaf Energy (Blueleaf), a pan-Asian renewable energy platform owned by a Macquarie Asset Management managed fund, and Jakson Green (JGPL), a leading new energy transition platform, today announced their strategic partnership with a 1-gigawatt (GW) solar portfolio in Rajasthan, representing an investment of USD 400 million. The partnership will focus on jointly developing and building gigawatt-scale green energy projects in India. 
    The 1 GW portfolio, funded through a combination of debt and equity, comprises three solar projects. These projects include Intra State Transmission System (InSTS) and Inter State Transmission System (ISTS) projects with 25-year power purchase agreements (PPAs) secured via competitive bidding from RUVNL, SECI, and NHPC. The solar projects are expected to be progressively commissioned in 2025-2026 on a Build-Own-Operate (BOO) model.  
    Projected to generate over 1,800 GWh of green energy a year, enough to sustainably power over 1.5 million Indian households, the Rajasthan Solar Portfolio will save over 22 million tons of CO₂ emissions over 25 years, the equivalent of removing over five million cars from the road. The initiative will also create valuable job opportunities during both construction and operation phases, demonstrating the strong commitment of both JGPL and Blueleaf to sustainable development.

    We are proud to be embarking on this strategic partnership with Jakson Green to develop gigawatt-scale renewable energy projects. Blueleaf’s development and commercial capabilities combined with Jakson Green’s project execution strength creates a strong partnership for delivering high-quality renewable energy projects, propelling us towards our shared goal of adding in excess of 5 GW of renewable energy capacity to the Indian grid by 2030, to accelerate the nation’s journey to net zero

    Raghuram Natarajan, CEO of Blueleaf Energy

    We are delighted to partner with Blueleaf Energy. This collaboration further solidifies our presence as a respected global player in energy transition. The sheer scale of this project is a testimony to our commitment on delivering world-class projects, while being the most trusted energy transition partner.

    Bikesh Ogra, MD and CEO of Jakson Green

    The Rajasthan Solar Portfolio marks a significant milestone for us. This is our second large-scale renewable energy initiative in just the past six months in India, the first being the hybrid wind and solar, 200 MW Pachora Hybrid Power Project, which is due to be commissioned later this year. With the solid partnership of Jakson Green, we look forward to progressively commissioning these new solar projects by 2026. We are very excited to be driving real progress in India’s decarbonization.

    Pratyush Thakur, Country Head of Blueleaf Energy in India

    Press Contacts:
    Jennifer Zdaniuk
    Senior Marketing & Communications Manager
    Blueleaf Energy
    +65 8223 9198
    jennifer.zdaniuk@blueleafenergy.com
    Surbhi Shukla
    Corporate Communications Manager
    Jakson Green
    surbhi.shukla@jakson.com 
    About Blueleaf Energy
    Blueleaf Energy is a leading pan-Asian Renewable energy platform that develops, finances, owns and operates renewables and storage assets to accelerate the energy transition towards net zero and beyond.
    Committed to upholding the highest environmental, social, governance and safety standards, Blueleaf Energy serves both corporate and industrial consumers and large utilities, providing our customers access to a competitive and green energy mix and solutions to achieve their sustainability targets.
    Blueleaf Energy has a development pipeline of solar, wind and storage projects in excess of 7 GW, a historical track record of developing and building 2 GW of capacity globally which includes over 500 MW in Asia Pacific.
    Blueleaf Energy is owned by a Macquarie Asset Management managed fund.
    About Jakson Green
    Jakson Green, a global new energy transition platform headquartered in Noida, India with an international headquarters in Dubai, is backed by the Jakson Group. Catering to corporations and government entities, the company focuses on EPC, IPP, BOO, and O&M of new energy assets across solar, wind, green molecules, and CBG. With a solar EPC portfolio exceeding 5GWp globally, 4GWp of renewable O&M, and over 1GWp of assets under development, Jakson Green is a leading player in the renewable energy sector. Founded in 2022, the company is actively building 8500TPA of green molecules plants, including green hydrogen, 4G ethanol, and low-carbon methanol. Its subsidiary, Jakson Infinity, boasts a 300MW electrolyser manufacturing capacity. As part of its growth strategy, Jakson Green is also expanding into the biofuels business.
    Jakson Green recently secured credit facilities of INR 2.96 billion (over 34 million USD) from First Abu Dhabi Bank (Mumbai) and INR 600 million (approximately 7 million USD) from HSBC. These funds will support Jakson Green’s domestic and international EPC operations.
    Blue Leaf Energy Asia Pte Ltd | 03 Anson Road | #07-01 | Singapore 079909
    Tel +65 6849 5540 | info@blueleafenergy.com | www.blueleafenergy.com | Reg. Number: 201816156M
    SOLARRajasthanRajasthan Solar Portfolio1 GW1GW1 gigawattJakson GreenBlueleaf EnergyRaghuram NatarajanBikesh OgraPratyush ThakurINDIA