Juniper Green Energy, an independent renewable energy power producer and operator of solar, wind, and hybrid power projects, on Wednesday announced that it has secured an investment of $350 million from Singapore-headquartered investment firm AT Capital Group and Dutch commodities trading firm Vitol.
The investment comes nearly two years after an initial commitment of $200 million from AT Capital Group and Vitol.
Delhi-based Juniper Green Energy will use the funds to triple its operational capacity to 2.5 gigawatts (GW) by 2026, the company said in a statement.
“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,” said Sanjay Bakliwal, Director at AT Capital Group.
Juniper Green Energy, which commenced operations in October 2018, boasts an operational portfolio of nearly 800 megawatts (MW) with an under-construction capacity of 435 MW and a development pipeline of more than 3 GW across solar, wind, and hybrid power projects.
“Vitol is committed to investing in sustainable energy solutions worldwide. 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,” said Mike Muller, Head of Vitol Asia.
