Debt financing
Juniper Green Energy raises Rs.2,039-Cr
Gurugram-based renewable energy player Juniper Green Energy has raised INR 2,039 crore in debt financing from financial institutions including National Bank for Financing Infrastructure and Development (NaBFID), HSBC, DBS, Barclays, and Aseem Infrastructure. Additionally, the company expanded its non-fund-based limits with Federal Bank and Axis Bank.The NaBFID provided INR 566 crore for the company’s under-construction 90 MW Juniper Green Kite Wind Power Project in Gujarat. HSBC Bank extended INR 408 crore for the 75 MW Juniper Green Beam Eight Solar-Wind Hybrid Power Project in Maharashtra. DBS Bank India and Barclays Bank sanctioned INR 300 crore and INR 250 crore, respectively, as medium-term debt for general capital expenditure across various under-construction renewable energy projects. Aseem Infrastructure Finance Ltd (AIFL) also provided INR 515 crore in long-term debt for the 75 MW Juniper Green ETA Five Solar-Wind Hybrid Power Project in Maharashtra.Founded in 2018, Juniper Green Energy is engaged in the production and operation of solar, wind, and hybrid power projects and and presently has an operational portfolio of about 1.45 GWp with an under-construction capacity of approximately 3.8 GWp and an under construction pipeline of more than 4.8 GWp of solar, wind and hybrid projects.
In Sep 2023, Juniper Green Energy had attracted about USD 150 M from AT Capital and others.For FY24, Juniper Green Energy had reported about INR 392 Cr in Operating Income and about INR 40 Cr in PAT.
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