Blueleaf Energy, Jakson Green to Cut 22m Tonnes of CO2 in India
The companies are working towards their goal of developing over 5 GW of renewable energy in India by 2030.
The partnership will usher in India's clean energy transition ambitions.
Blueleaf Energy, a Singapore-based leading renewable energy platform, has partnered with Jakson Green, an India-based top energy and sustainable solutions company, to develop green energy projects in India.
The companies have invested $400 million to develop a 1-gigawatt (GW) solar project in Rajasthan, in the northwestern part of India. This project has three solar farms and 25-year power purchase agreements (PPAs) with Indian power companies like SECI, NHPC, and RUVNL.
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Raghuram Natarajan, CEO of Blueleaf Energy, said: "We are proud to be embarking on this strategic partnership with Jakson Green to develop gigawatt-scale renewable energy projects.
"Blueleaf’s development and commercial capabilities combined with Jakson Green’s project execution strength creates a strong partnership for delivering high-quality renewable energy projects, propelling us towards our shared goal of adding in excess of 5 GW of renewable energy capacity to the Indian grid by 2030, to accelerate the nation’s journey to net zero."
The projects are expected to be completed by 2026, and once finished, they will produce electricity to power 1.5 million homes annually and cut 22 million tonnes of CO2 emissions over 25 years, which is equivalent to removing more than 5 million cars from the roads.
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Bikesh Ogra, MD and CEO of Jakson Green added: "We are delighted to partner with Blueleaf Energy. This collaboration further solidifies our presence as a respected global player in energy transition. The sheer scale of this project is a testimony to our commitment on delivering world-class projects, while being the most trusted energy transition partner.”
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Source: Blueleaf Energy
