Juniper Green secures Rs 20.39 billion debt funding for new projects

Juniper Green Energy Limited has secured debt financing of Rs 20.39 billion from a consortium of domestic and international lenders to support its upcoming renewable energy projects and developments through its subsidiaries.

The financing package includes support from the National Bank for Financing Infrastructure and Development (NaBFID), which has sanctioned Rs 5.66 billion for the under-construction 90 MW Juniper Green Kite wind power project in Gujarat. HSBC Holdings plc (HSBC) has provided Rs 4.08 billion in debt funding for the 75 MW Juniper Green Beam Eight solar wind hybrid project in Maharashtra. This is HSBC’s first greenfield project financing for Juniper Green Energy.

DBS Bank India Limited (DBS) and Barclays Bank PLC (Barclays) have approved medium-term debt of Rs 3.00 billion and Rs 2.50 billion, respectively, to support capital expenditure for multiple ongoing projects. Additionally, Aseem Infrastructure Finance Limited (AIFL) has extended long-term debt of Rs 5.15 billion for the 75 MW Juniper Green ETA Five solar-wind hybrid project in Maharashtra.

The company has also enhanced its non-fund-based limits with Federal Bank Limited (Federal Bank) and Axis Bank Limited (Axis Bank) as part of its broader financing strategy.

In December last year, Juniper Green Energy began operations of 60 MWh of its planned 100 MWh Battery Energy Storage System (BESS) project in Bikaner, Rajasthan, marking its entry into merchant energy storage operations.

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