Jakson Green and Blueleaf Energy have secured financial close for their 840 MWp solar projects in Bikaner, Rajasthan. These projects are 280 MWp and 560 MWp ground-mounted solar plants, which form part of the 1 GWp Rajasthan solar portfolio. Furthermore, the portfolio is jointly owned by Blueleaf Energy and Jakson Green through its parent company, Jakson Limited.
Additionally, the 280 MW solar plant is backed by a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India. Moreover, the 560 MWp solar project will deliver power under a similar 25-year PPA with NHPC. Following the financial closure, both projects are set to move into the construction phase. The financial close has been secured with Axis Bank.
Earlier in January 2025, Blueleaf Energy partnered with Jakson Green to invest $400 million in developing 1,000 MW of solar projects in Rajasthan. The investment is structured through a combination of debt and equity and includes three solar projects.
