Blueleaf Energy, a pan-Asian renewable energy platform owned by Macquarie Asset Management, and Dubai-based energy platform Jakson Green have invested $400m (€385m) in a 1GW solar-energy portfolio in the Indian state of Rajasthan.
The Rajasthan Solar Portfolio, comprising three solar generation facilities, is projected to generate over 1,800GWh of green energy annually, enough to power over 1.5m Indian households.
The projects, connected via intra-state and inter-state transmission systems, have 25-year power purchase agreements with their respective local energy agencies. Commissioning is expected progressively in 2025-26 under a build-own-operate model.
Raghuram Natarajan, chief executive officer of Blueleaf Energy, said the partnership would “propel us towards our shared goal of adding in excess of 5GW of renewable energy capacity to the Indian grid by 2030”.
The latest Indian project will be funded through a combination of debt and equity,
Bikesh Ogra, managing director and CEO of Jakson Green, said: “This collaboration further solidifies our presence as a respected global player in energy transition. The sheer scale of this project is a testimony to our commitment on delivering world-class projects, while being the most trusted energy transition partner.”
Pratyush Thakur, country head of Blueleaf Energy in India, said: “The Rajasthan Solar Portfolio marks a significant milestone for us. This is our second large-scale renewable energy initiative in just the past six months in India. The first is the hybrid wind and solar 200MW Pachora Hybrid Power Project, which is due to be commissioned later this year.”
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