Debt financing
Jakson Green, Blueleaf Energy achieve financial closure for Rajasthan solar projects
Noida-based energy platform Jakson Green and Singapore-based fellow renewable energy player Blueleaf Energy have announced the financial close of their 840 MWp solar project in Bikaner, Rajasthan.The 280 MWp and 560 MWp ground-mounted solar plants in Bikaner are part of the 1 GWp Rajasthan Solar Portfolio, jointly owned by Blueleaf Energy and Jakson Green through its parent company Jakson Ltd.The financial close was secured with Axis Bank in India and marks the completion of funding for the partners’ entire landmark portfolio.The Bikaner projects, which hold 25-year power purchase agreements (PPAs) with the Solar Energy Corporation of India Ltd (SECI - 280 MWp) and NHPC Ltd (560 MWp), will join the portfolio’s 140 MWp Bhawad Solar Project, which is already under construction and scheduled for commissioning later this year.
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