1GW Solar Initiative in Rajasthan
- Investment Overview: Blueleaf Energy and Jakson Green have committed $400 million towards developing a solar portfolio in Rajasthan, India.
- Long-Term Agreements: The joint venture has secured 25-year power purchase agreements (PPAs) with SECI, NHPC, and RUVNL.
- Significant CO₂ Impact: The project is anticipated to reduce over 22 million tons of CO₂ emissions, equivalent to taking more than 5 million cars off the road.
In an exciting collaboration, Blueleaf Energy and Jakson Green are spearheading a 1-gigawatt (GW) solar project in Rajasthan, with an investment of $400 million aimed at amplifying India’s transition to clean energy.
Project Details:
- The solar initiative includes three projects operating under both the Intra State Transmission System (InSTS) and the Inter State Transmission System (ISTS).
- All projects will adhere to a Build-Own-Operate (BOO) model, with a phased commissioning timeline set for 2025-2026.
- Power generated will be sold under 25-year agreements obtained through competitive bidding.
- Once operational, the portfolio will produce an impressive 1,800 GWh annually, enough to power approximately 1.5 million households in India.
Importance of the Initiative:
This strategic partnership aligns perfectly with India’s ambitious goal of achieving over 5GW of renewable energy capacity by 2030. It not only contributes to the nation’s greener future but also generates employment during both the construction and operational phases.
Executive Perspectives:
“The collaboration between Blueleaf’s development and commercial acumen, alongside Jakson Green’s execution expertise, creates a robust platform for delivering high-impact renewable projects,” shared Raghuram Natarajan, CEO of Blueleaf Energy.
“This partnership fortifies our position as a frontrunner in the global energy transition,” stated Bikesh Ogra, MD & CEO of Jakson Green.
“The Rajasthan Solar Portfolio signifies our second significant renewable endeavor in India within a six-month span,” added Pratyush Thakur, Country Head of Blueleaf Energy in India.
Conclusion:
Blueleaf Energy and Jakson Green are at the forefront of transforming India’s solar landscape, significantly reducing emissions while fostering sustainable development.
