Established in New Delhi in 1947 by Jai Kishan Gupta, the Jakson Group began as an electrical goods and trading company. In 1979, the company entered the genset manufacturing business through a partnership with Cummins, an engine and generator manufacturer. In 2005, it diversified into solar energy and infrastructure, marking the beginning of its transition towards renewable energy solutions. By 2012, the company had commissioned its first solar plant and launched its in-house solar module manufacturing facility.
In 2023, the Jakson Group further diversified by establishing Jakson Green, an energy transition platform focused on renewable energy and green ammonia. While headquartered in India, Jakson Green has expanded its presence across offices in Europe, the Middle East, Africa, Australia and the CIS region.
A look at the Jakson Group’s portfolio, recent developments within Jakson Green and the company’s future targets…
Group portfolio
The Jakson Group has a diverse renewable energy portfolio, which includes distributed energy, solar modules and inverters, green energy, biofuels, infrastructure, and engineering, procurement and construction (EPC) projects. These verticals further include generator sets, rooftop solar, hybrid energy, energy storage systems and defence applications. Their green energy vertical includes green hydrogen, green ammonia, utility-scale solar storage and hybrid systems. Their biofuels vertical caters to the ethanol and compressed biogas segments.
The group operates six manufacturing plants across India, including genset plants in Gujarat and Maharashtra. Its genset manufacturing capacity is more than 15,000 units annually. The group also operates manufacturing plants for battery energy storage systems (BESSs), solar modules and electrolysers in Greater Noida, Uttar Pradesh. The BESS plant has a manufacturing capacity of 250 sets (3-1,000 kW). The solar module manufacturing plant produces half-cut cells, and mono and bifacial modules with a capacity of 1.2 GW per annum. They also produce P-type and N-type modules and TOPCon cells. The electrolyser manufacturing plant (under Jakson Green) has a capacity of 300 MW and caters to both alkaline and PEM technologies. Meanwhile, Jakson Biofuels operates a biofuel manufacturing plant in Balaghat, Madhya Pradesh, which produces 1G ethanol with a capacity of 150 kilo litres per day.
In the solar energy space, the group’s portfolio includes over 5 GW solar EPC, 1 GWp in solar IPP, 4 GW in solar operations and maintenance (O&M) and 150 MW under rooftop solar. In addition, its green hydrogen and derivatives portfolio exceeds 8,500 tonnes per annum.
Recent developments at Jakson Green
In the past year, Jakson Green has secured several important renewable energy projects and contracts. These include the development of a green ammonia facility at the Deendayal Port Authority in Kandla, Gujarat. The project, valued at around Rs 24 billion, is estimated to have an annual production capacity of 133,000 tonnes of green ammonia.
In June 2024, the company received an EPC contract from NTPC Limited for a flue gas CO2-to-4G ethanol project at a power plant in Lara, Chhattisgarh. The company also signed a power purchase agreement (PPA) with NHPC Limited for a 400 MW solar project in Rajasthan. The project was secured at a tariff of Rs 2.53 per kWh through a competitive bidding process. In February 2024, Jakson Green signed a 25-year PPA with Rajasthan Urja Vikas Nigam Limited for a 100 MW solar photovoltaic plant in Rajasthan.
The company has secured financing from various sources. It received Rs 2.96 billion in credit from the First Abu Dhabi Bank to expand internationally and secured a Rs 600 million sustainable trade facility from HSBC India. Overall, the company has announced plans to invest Rs 35 billion to enhance its renewable energy portfolio.
The way forward
Going forward, Jakson Green aims to scale up its electrolyser facility to a giga factory by 2026-27. By 2027, the company aims to achieve Rs 150 billion in revenue, with a major contribution from its renewable energy arm, focusing on areas such as hydrogen, green ammonia, solar IPP and waste-to-energy solutions. By 2030, the company aims to become a 15 GW renewable energy platform, achieve 0.5 mtpa capacity for green fuels and build an 18 GW
O&M portfolio.
Net, net, the Jakson Group’s timely diversification has helped it keep pace with the changing dynamics of the power sector. Going forward, its presence in diverse sectors is expected to create multiple long-term opportunities. Within the group, Jakson Green is particularly well positioned to achieve sustained growth, driven by the launch of the National Green Hydrogen Mission and the growing focus on green hydrogen and its derivatives in India.
