Juniper Green Energy secures debt financing of Rs 20.39 billion for renewable projects

Juniper Green Energy Limited has secured debt financing of Rs 20.39 billion from a consortium of domestic and international lenders to support the development of its upcoming renewable energy projects and those of its subsidiaries. As part of the financing package, National Bank for Financing Infrastructure and Development has extended Rs 5.66 billion for the company’s under-construction 90 MW Juniper Green Kite wind power project in Gujarat. HSBC has provided Rs 4.08 billion in debt financing for the 75 MW Juniper Green Beam Eight solar-wind hybrid project in Maharashtra, marking its first greenfield project financing for Juniper Green Energy. DBS Bank India and Barclays Bank have sanctioned Rs 3.00 billion and Rs 2.50 billion, respectively, as medium-term debt to meet capital expenditure requirements for multiple under-construction projects. In addition, Aseem Infrastructure Finance Limited has extended long-term debt of Rs 5.15 billion for the 75 MW Juniper Green ETA Five solar-wind hybrid project in Maharashtra. The company has also expanded its non-fund-based limits with Federal Bank and Axis Bank.