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25-year PPAs secured with the Solar Energy Corporation of India Limited (SECI), NHPC (National Hydroelectric Power Corporation Private Limited), and Rajasthan Urja Vikas Nigam Limited (RUVNL)
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Blueleaf Energy and Jakson Green targeting 5 GW+ of renewable capacity in India by 2030
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Rajasthan Solar Portfolio will save over 22 million tons of CO? emissions, equivalent of removing >5 million cars from road
30 January 2025, SINGAPORE (PR) – Blueleaf Energy (Blueleaf), a pan-Asian renewable energy platform owned by a Macquarie Asset Management managed fund, and Jakson Green (JGPL), a leading new energy transition platform, today announced their strategic partnership with a 1-gigawatt (GW) solar portfolio in Rajasthan, representing an investment of USD 400 million. The partnership will focus on jointly developing and building gigawatt-scale green energy projects in India.
The 1 GW portfolio, funded through a combination of debt and equity, comprises three solar projects. These projects include Intra State Transmission System (InSTS) and Inter State Transmission System (ISTS) projects with 25-year power purchase agreements (PPAs) secured via competitive bidding from RUVNL, SECI, and NHPC. The solar projects are expected to be progressively commissioned in 2025-2026 on a Build-Own-Operate (BOO) model.
Projected to generate over 1,800 GWh of green energy a year, enough to sustainably power over 1.5 million Indian households, the Rajasthan Solar Portfolio will save over 22 million tons of CO? emissions over 25 years, the equivalent of removing over five million cars from the road. The initiative will also create valuable job opportunities during both construction and operation phases, demonstrating the strong commitment of both JGPL and Blueleaf to sustainable development.
