Jakson Green secures INR 600 million to develop renewable energy projects – pv India magazine

May 29, 2024 Uma Gupta

Jakson Green, a new energy transition platform, announced this week that it has acquired an INR 600 million ($7.2 million) sustainable trade facility from HSBC India. These funds will meet the company’s renewable energy working capital requirements, both in India and internationally.

Jakson Green, with its strengths in renewable energy, green hydrogen and its derivatives, is actively expanding its global footprint in the Middle East, Africa, CIS countries and Europe.

Chandan Goswami, CFO, Jakson Green Pvt. Ltd. said, “(This partnership with HSBC India) not only strengthens our renewable energy initiatives in India but also supports our global expansion.”

Ajay Sharma, Head of Commercial Banking at HSBC India, said: “We are committed to supporting and financing India’s clean energy transition. We are pleased to support Jakson Green as he seeks to scale his clean energy business, in line with our strategic focus on working with our clients to support their sustainability goals.

Jakson Green focuses on new energy assets including solar, utility-scale storage, renewable hybrids, waste-to-energy, fuel cell technologies, gasification projects, green hydrogen and green ammonia projects. It implements projects based on EPC and IPP, and also provides operational and maintenance support.

Promoted and led by Bikesh Ogre, a renewable energy industry veteran with over 10 GW of experience in 26 countries, the company has gained an impressive global presence in the short time since its inception and plans to deliver 15 GW by 2030.

In addition to building and operating green hydrogen assets globally, in line with its vision to be a Power-to-X player, producing a total of over 0.5 million tonnes of green hydrogen/ammonia by 2030, the company recently established an electrolyzer manufacturing unit all over the world.