Juniper Green Energy Raises Additional $150 Million From AT Capital Group And Vitol

Juniper Green Energy has raised an investment of $350 million from AT Capital Group and Vitol. The decision to increase this investment comes two years after the initial commitment of $200 million from the two companies, demonstrating their confidence in the renewable energy power producer's growth trajectory and capabilities. 

The Delhi-based operator of solar, wind and hybrid power projects firm has solidified its position as a key player in the Indian renewable energy sector. The firm has an operational portfolio of nearly 800 megawatts (MW) with an under-construction capacity of 435 MW and a development pipeline of more than 3 GW across solar, wind, and hybrid power projects. 

This increased investment from AT Capital Group and Vitol will play a pivotal role as Juniper Green Energy targets to triple its operational capacity to 2.5 GW by 2026 and forge ahead with its ambitious development plans, said the company in a statement. 

"We are thrilled to deepen our partnership with Juniper Green Energy through this increased investment," said Sanjay Bakliwal, director at AT Capital Group. "Their impressive project pipeline, combined with their proficiency in EPC and O and M services, aligns seamlessly with our vision for a sustainable and greener future." 

Mike Muller, head of Vitol Asia, added: "Vitol is committed to investing in sustainable energy solutions worldwide.  We are pleased to support Juniper Green Energy’s ambitions to deliver a growing renewable power portfolio at a time of increasing demand for power.”