Juniper Green Energy Bets On Hybrid Renewable Portfolio

30 Jul 2026 CW Team

Juniper Green Energy, a Gurugram-based renewable energy company, is pursuing rapid capacity expansion and a differentiated project mix as it prepares for an initial public offering. The chairman and founder, Arvind Tiku, said the firm combines about 83 per cent of wind, solar, wind-solar hybrid and firm and dispatchable renewable energy (FDRE) and around 17 per cent of plain solar, which management says supports better tariff outcomes and a payment cycle of 21 days. The company plans to raise Rs 18 bn through the public offer.

It expects operational capacity to increase from around two point four gigawatt (GW) to six GW by the end of FY28 and is targeting 10 GW by FY30 as contracted projects commission. The chief executive and whole time director, Ankush Malik, said the company doubled operational capacity over the past year and remains on track with power purchase agreement schedules. Management anticipates rising demand for FDRE as buyers seek reliable renewable electricity beyond daylight hours.

On the balance sheet net debt stood at Rs 94 bn, with management noting that elevated leverage largely reflects projects under construction that are not yet cash generative. Among India's top ten renewable independent power producers the company reported total capacity of 7,910.20 megawatt (MW) across 50 projects as of June 30, 2026. IPO proceeds are planned to fund debt reduction and subsidiary investment.

The management said planned repayments include Rs 6.832 bn and investments of Rs 7.286 bn in subsidiaries to lower leverage as projects move into operation and generate revenue. The firm highlighted its diversified portfolio and shorter payment cycles as competitive strengths that support tariff realisation and cash flow. It reiterated focus on operational delivery, timely commissioning and contract execution to translate capacity additions into sustainable revenue growth ahead of the listing.

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30 Jul 2026

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