Jakson Green, a new energy transition platform, has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai). The company said the financing will fuel its international expansion, with Uzbekistan serving as the first beneficiary for its upcoming solar photovoltaic (PV) and battery storage project.
Jakson Green is actively expanding its global reach in the Middle East, Africa, Commonwealth of Independent States (CIS) and Europe. Its project in Uzbekistan includes the construction and operation of a 250 MW solar power plant coupled with an integrated battery energy storage system (BESS) of 63 MW/126 MWh. The project will be situated in Bukhara.
Chandan Goswami, chief financial officer of Jakson Green, said, “The support extended by First Abu Dhabi Bank empowers us to engage with diverse markets and capitalize on opportunities for sustainable growth. This project in Uzbekistan exemplifies Jakson Green’s dedication to delivering excellence in utility-scale renewable energy projects, both domestically and internationally, and highlights our commitment to advancing clean energy solutions and fostering global partnerships in the renewable energy sector.”
Jakson Green, backed by the Jakson Group, is headquartered in Noida, India with an international headquarters in Dubai. It focuses on installation, commissioning, operation and maintenance of new energy assets spanning solar, utility-scale storage, waste-to-energy, fuel cell technologies, gasification-based projects, green hydrogen, and green ammonia projects
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