Jakson Green to invest ₹3,500 crore in RE utility, including green hydrogen projects
New Delhi: Jakson Green invests ₹3,500 crore in renewable energy via PE investors and non-recourse financing, focusing on solar, green hydrogen, methanol, and ethanol projects. CEO Bikesh Ogra highlights the company’s push into renewable energy derivatives and plans for Middle East expansion. Ogra expresses confidence in narrowing cost gaps for green fuels. Jakson Green aims for 1 GW annual asset addition by 2026, targeting solar, solar-wind hybrid, RTC, and green hydrogen projects for global leadership.
New Delhi: Jakson Green, a key player in the renewable energy sector, has announced an investment of ₹3,500 crore through PE investors and non-recourse financing route focused on developing its renewable portfolio across solar utility projects and green hydrogen, methanol, and ethanol.
The company, which began operations just under two years ago, has already achieved a global solar project capacity of 5 gigawatts-peak (GWp), including 1 GWp of assets that it directly owns.
“We are spearheading a 4G ethanol production project for a key PSU client and have launched several projects targeting hydrogen production and dispensation for urban mobility, e-methanol production and CBG ,” CEO and Managing Director Bikesh Ogra said in an interview with ET Energy world. He emphasized the company’s commitment to expanding its portfolio of renewable energy solutions.
He highlighted the company’s strategic push into renewable energy derivatives, which are becoming increasingly important in the transition to low-carbon energy sources.
Ogra detailed the financial and strategic aspects of Jakson Green’s operations, emphasizing the recent developments in green methanol and hydrogen projects. “We are commissioning a green methanol project next month and have pilot projects for hydrogen that are aimed at industrial applications like refineries and steel plants,” he said.
Despite the high costs associated with green hydrogen and its derivatives, Ogra expressed confidence in closing the cost gap compared to conventional fuels. “The levelized cost of methanol and ethanol right now is way higher on the green side than what the normal conventional methanol and ethanol costs. We are working to narrow this disparity,” he said.
Expanding beyond domestic markets, Jakson Green is eyeing opportunities in the Middle East due to the region’s competitive electricity costs. “The competitive electricity costs in the Middle East make it an ideal location for expanding our green energy projects,” Ogra commented. “The company is well positioned to explore the Middle East region due to its strong presence in the solar EPC segment in the MENA region,” he further added.
The company is also exploring the use of green methanol in shipping, in alignment with the global trend towards sustainable marine fuels and has seen strong interest from shipping liners. This reflects Jakson Green’s broader aim to support the shift towards cleaner energy sources across industries.
Ogra elaborated on the company’s financial strategies, highlighting the pursuit of non-recourse financing through partnerships with development financial institutions (DFIs) and non-banking financial companies
(NBFCs). “We have promising commitments from several partners for equity raises at the asset level and are in advanced discussions with DFIs and NBFCs interested in participating with us,” he noted.
Looking to the future, Jakson Green aims to add 1 GW of assets annually from 2026, focusing on both solar, solar-wind hybrid, RTC projects and green hydrogen projects. This aggressive expansion is part of Jakson Green’s broader strategy to establish itself as a leader in the renewable energy market, both domestically and internationally.
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