Jakson Green and Blueleaf Energy have announced the financial close of their 840 MWp solar power projects in Bikaner, Rajasthan, marking a major milestone in their 1 GWp Rajasthan Solar Portfolio.

The portfolio comprises two ground-mounted solar plants of 280 MWp and 560 MWp, jointly owned by Blueleaf Energy and Jakson Green through its parent company Jakson Ltd. The financial closure, secured with Axis Bank, completes the funding for the partners’ entire 1 GW renewable portfolio in Rajasthan.

Both Bikaner projects are backed by 25-year power purchase agreements (PPAs) with the Solar Energy Corporation of India (SECI) for 280 MWp and NHPC Ltd for 560 MWp. The projects are now ready to enter the construction phase, joining the 140 MWp Bhawad Solar Project, which is already under construction and set for commissioning later this year.

Bikesh Ogra, Vice Chairman and Global CEO of Jakson Green, said, “Securing financial closure for the Bikaner Solar Projects demonstrates our commitment to advancing India’s clean energy transition and the strength of our partnership with Blueleaf Energy.”

Pratyush Thakur, India Country Head for Blueleaf Energy, added, “Completing the funding of our Rajasthan Solar Portfolio takes us a step closer to our goal of adding over 5 GW of renewable energy capacity to India’s grid by 2030.”

Once operational, the Bikaner solar projects will generate enough electricity annually to power over 1.5 million Indian households, significantly contributing to India’s renewable energy goals.