Jakson Green, a new energy transition platform, announced this week that it has secured a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally.
Jakson Green, with its strengths in renewables, green hydrogen and its derivatives, is actively expanding its global reach in Middle East, Africa, CIS countries and Europe.
Chandan Goswami, chief financial officer of Jakson Green Pvt. Ltd. said, “[This partnership with HSBC India] not only bolsters our renewable energy initiatives within India but also supports our global expansion.”
Ajay Sharma, head of commercial banking, HSBC India said “We are committed to supporting and financing the clean energy transition in India. We are pleased to support Jakson Green in their journey to scale up their clean energy business, aligned with our strategic focus on working with our clients to support their sustainability goals.”
Jakson Green focuses on new energy assets spanning solar, utility-scale storage, renewable hybrids, waste-to-energy, fuel cell technologies, gasification-based projects, green hydrogen, and green ammonia projects. It executes projects on EPC as well as IPP basis and also provides operations and maintenance support.
Promoted and led by Bikesh Ogra, a renewable sector veteran with over 10 GW of experience across 26 countries, the firm has built up an impressive global presence in a short span since its inception and plans to deliver 15G W by 2030.
The firm has recently set up the electrolyser manufacturing unit, besides building and operating green hydrogen assets globally, in line with its vision of being a power-to-X player cumulatively producing over 0.5 million tons per annum of green hydrogen/ammonia by 2030.
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