FCC

AT Capital Group, Vitol invest $350mn in Juniper Green Energy?s project

2023-09-15

Singapore-based AT Capital Group and Dutch commodities trading firm Vitol have extended their investment in independent renewable energy power producer Juniper Green Energy, injecting an additional $350 million into the company. This funding round follows their initial commitment of $200 million nearly two years ago.

Juniper Green Energy, headquartered in Delhi, plans to utilise this substantial investment to significantly expand its operational capacity, aiming to reach 2.5 GW by 2026, as stated in their official announcement.

Sanjay Bakliwal, Director at AT Capital Group, expressed enthusiasm about this partnership, noting, "Their impressive project pipeline, combined with their proficiency in EPC and O&M services, aligns seamlessly with our vision for a sustainable and greener future."

Juniper Green Energy boasts an operational portfolio of nearly 800 megawatts (MW), with an additional 435 MW under construction, and an extensive development pipeline exceeding 3 GW encompassing solar, wind, and hybrid power projects.

Mike Muller, Head of Vitol Asia, emphasised Vitol's commitment to sustainable energy solutions on a global scale. He added, "We are pleased to support Juniper Green Energy?s ambitions to deliver a growing renewable power portfolio at a time of increasing demand for power."

Founded in October 2018, Juniper Green Energy has cultivated a robust internal ecosystem covering Engineering, Procurement, and Construction (EPC) as well as Operations and Maintenance (O&M) services for its renewable energy projects.