AT Capital Group and Vitol Injects $350 Million in Capital to Juniper Green Energy
By: Asia Business Outlook Team | Wednesday, 13 September 2023
AT Capital Group of Singapore and Vitol, a Dutch commodities trading firm, have invested $350 million in Juniper Green Energy, an independent renewable energy power producer. The investment comes nearly two years after an initial $200 million commitment from AT Capital Group and Vitol. Juniper Green Energy, based in Delhi, said in a statement that the funding will be used to triple its operational capacity to 2.5 GW by 2026.
"Their impressive project pipeline, combined with their proficiency in EPC and O&M services, aligns seamlessly with our vision for a more sustainable and greener future," said Sanjay Bakliwal, Director at AT Capital Group.
Juniper Green Energy has a nearly 800 MW operational portfolio, 435 MW of under-construction capacity, and a development pipeline of more than 3 GW of solar, wind, and hybrid power projects.
"Vitol is committed to investing in sustainable energy solutions worldwide," said Mike Muller, Head of Vitol Asia. We are delighted to support Juniper Green Energy's ambitions to deliver a growing renewable power portfolio at a time of rising power demand."
Juniper began operations in October 2018 and currently has an operational portfolio of 800MW, 435MW under construction, and a development pipeline of more than 3 GW of solar, wind, and hybrid projects. For its renewable projects, the company has end-to-end internal competencies in EPC and O&M services.