Jakson Green, an Indian energy transition platform, has secured a new debt facility to fuel its international expansion, starting with a 250-MW solar project and battery energy storage system (BESS) in Uzbekistan.
On Monday, the company announced it will receive INR 2.96 billion (USD 35.4 million/EUR 32.6 million) in credit from First Abu Dhabi Bank (Mumbai).
The initial project funded by this loan is a photovoltaic (PV) park in Bukhara, Uzbekistan, featuring a 63 MW/126 MWh energy storage system. The financing will also support Jakson Green’s growth in the Middle East, Africa, the CIS, and Europe.
Chandan Goswami, CFO of Jakson Green, stated, “The support from First Abu Dhabi Bank allows us to explore diverse markets and leverage opportunities for sustainable growth.”
Jakson Green, based in Noida, aims to deploy 10 GW of renewable energy assets by 2025, reach 20 GW by 2030, and produce over one million tonnes of green hydrogen by the end of the decade. In late May, the company secured an INR 600 million sustainability-linked credit facility from HSBC to bolster its renewable energy business’s working capital.