Blueleaf Energy to Invest $400 Million in Jakson Green’s 1 GW Solar Projects in Rajasthan

In a major boost to India’s renewable energy sector, Blueleaf Energy, a renewable energy platform owned by a Macquarie Asset Management-managed fund, has announced a $400 million investment in Jakson Green’s solar assets. The investment will support the development of 1 gigawatt (GW) of solar projects in the northwestern state of Rajasthan, marking a significant step towards India’s clean energy transition.

Strategic Investment for a Greener Future

The investment will be utilized for three large-scale solar projects, which are expected to be commissioned between 2025 and 2026. These projects will be funded through a combination of debt and equity, demonstrating the increasing financial commitment toward India’s renewable energy landscape.

This collaboration comes at a crucial time as India works towards achieving its ambitious goal of 500 GW of non-fossil fuel capacity by 2030. Currently, the country has approximately 162 GW of installed non-fossil fuel capacity, making investments like these essential for bridging the gap. India had earlier pledged to install 175 GW of renewable energy capacity by 2022, but progress has been slower than expected.

India’s Growing Renewable Energy Landscape

The Indian renewable energy sector is witnessing significant interest from both domestic and international investors. In December 2024, Indian billionaire Sajjan Jindal’s JSW Energy acquired O2 Power’s subsidiaries in a landmark deal worth $1.47 billion, highlighting the increasing consolidation and expansion in the sector.

As part of their long-term vision, Blueleaf Energy and Jakson Green have committed to developing over 5 GW of renewable energy capacity in India by 2030. This initiative is expected to contribute significantly to India’s transition towards sustainable energy sources and reduce dependence on fossil fuels.

Blueleaf Energy & Jakson Green: A Strong Partnership

Headquartered in Singapore, Blueleaf Energy has a strong presence in the renewable energy market, with over 7 GW of solar, wind, and energy storage projects in its development pipeline. The company has been actively investing in sustainable projects across Asia and remains committed to accelerating the clean energy transition.

Jakson Green, on the other hand, has over 1 GW of renewable energy assets currently under development and is rapidly expanding its footprint in India’s green energy sector. The company focuses on solar, green hydrogen, and energy storage solutions, aligning with the country’s ambitious renewable energy targets.

Impact on India’s Renewable Sector

This investment is expected to:
✅ Boost India’s Solar Capacity: Contribute 1 GW of clean energy to India’s grid.
✅ Support India’s 2030 Renewable Goals: Accelerate the transition to a 500 GW non-fossil fuel capacity.
✅ Encourage Foreign Investments: Strengthen global investor confidence in India’s renewable energy sector.
✅ Create Jobs & Economic Growth: Generate employment opportunities and promote sustainable development.

Conclusion

With this $400 million investment, Blueleaf Energy and Jakson Green are set to drive India’s renewable energy expansion, reinforcing the country’s commitment to a sustainable and greener future. As global efforts to combat climate change intensify, such collaborations will play a pivotal role in shaping the future of clean energy in India.

Stay tuned for more updates on India’s renewable energy advancements with RenewableConnect!