Macquarie Asset-Owned Blueleaf to Invest $400 Million in Jakson Green’s India Solar Portfolio
- 1GW Solar Expansion: Blueleaf Energy and Jakson Green invest $400M in a Rajasthan solar portfolio.
- Long-Term PPAs Secured: 25-year power purchase agreements (PPAs) signed with SECI, NHPC, and RUVNL.
- Major CO₂ Reduction: Expected to cut 22M+ tons of CO₂, equal to removing 5M+ cars from roads.
Blueleaf Energy and Jakson Green are joining forces to develop a 1-gigawatt (GW) solar portfolio in Rajasthan, India. The $400 million investment aims to accelerate India’s clean energy transition.
The details:
- The solar portfolio consists of three projects under Intra State Transmission System (InSTS) and Inter State Transmission System (ISTS).
- All projects operate under a Build-Own-Operate (BOO) model, with phased commissioning between 2025-2026.
- Power will be sold under 25-year PPAs secured through competitive bidding.
- The portfolio will generate 1,800 GWh annually—enough to power 1.5 million Indian households.
Why it matters:
The partnership aligns with India’s push toward renewable energy and net-zero goals, targeting over 5GW of renewable capacity by 2030. The initiative will also create jobs during both construction and operation.
Related Article: Indian Solar and Waste-to-energy Company Sael Issues $305 Million in Green Bonds
Executive Insights:
“Blueleaf’s development and commercial expertise, combined with Jakson Green’s execution capabilities, creates a strong foundation for delivering high-quality renewable projects,” said Raghuram Natarajan, CEO of Blueleaf Energy.
“This collaboration strengthens our position as a global leader in energy transition,” noted Bikesh Ogra, MD & CEO of Jakson Green.
“The Rajasthan Solar Portfolio marks our second large-scale renewable initiative in India within six months,” added Pratyush Thakur, Country Head of Blueleaf Energy in India.
The bottom line:
Blueleaf Energy and Jakson Green are making a major push in India’s solar sector, helping reduce emissions and drive sustainable development.
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