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In Short – Jakson Green has secured INR 600 million in funding to advance its renewable energy projects. This investment will support the company’s initiatives in developing and expanding its portfolio of clean energy solutions, including solar and wind projects. The funding aligns with Jakson Green’s commitment to sustainability and reducing carbon emissions, contributing to India’s renewable energy goals
In Detail – Jakson Green, a new energy transition platform, has secured a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business in India and internationally. Jakson Green is focusing on expanding its renewable energy projects, including solar, green hydrogen, and green ammonia, in regions such as the Middle East, Africa, CIS countries, and Europe.
Chandan Goswami, CFO of Jakson Green, emphasized that the partnership with HSBC India enhances their renewable energy efforts both domestically and globally. Ajay Sharma, Head of Commercial Banking at HSBC India, reiterated their commitment to supporting the clean energy transition in India and aiding Jakson Green’s growth in the sector.
The company, led by renewable energy veteran Bikesh Ogra, aims to deliver 15 GW of clean energy by 2030 and has set up an electrolyser manufacturing unit to support its green hydrogen projects. Jakson Green plans to produce over 0.5 million tons per annum of green hydrogen and ammonia by 2030
