India's Jakson Green nears $476 mln fundraise for renewables capacity expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
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Source: Reuters
Jakson Green's Fundraising Efforts: India's Jakson Green is nearing a 40 billion-rupee ($476.4 million) fundraising to expand its renewable energy capacity by adding 1 gigawatt (GW) by early 2026, with plans to finance this through a mix of 75% debt and 25% equity.
Growth in Renewable Energy Sector: The company aims to add 1 GW of renewable capacity annually for the next five years, aligning with India's goal to achieve at least 500 GW of clean energy by 2030, while also securing various projects and funding agreements to support its expansion.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
