The initial public offering (IPO) of Juniper Green Energy opened for subscription on July 30, with a total issue size of ₹1,800 crore.

Juniper Green Energy is backed by Singapore-based AT Capital Group. The company develops, builds, and operates utility-scale solar, wind, hybrid, and battery energy storage projects across India.

Among its notable achievements, Juniper Green Energy has commissioned India's first merchant 100 MWh Battery Energy Storage System (BESS) project, located in Rajasthan. The merchant BESS model is notable because it operates without long-term power purchase agreements, relying on market-based revenue streams—a relatively nascent approach in India's storage segment. The company is also advancing an integrated Firm and Dispatchable Renewable Energy (FDRE) project that combines solar, wind, and battery storage components. FDRE projects are designed to provide round-the-clock or schedulable renewable power, addressing the intermittency challenges that have constrained grid integration of solar and wind generation.

India has set a target of 500 GW of non-fossil fuel installed capacity by 2030, creating sustained demand for developers across solar, wind, and storage segments. The renewable energy sector in India has seen growing investor interest as the country pursues ambitious clean energy targets. Companies operating in solar, wind, and energy storage infrastructure have increasingly turned to public markets to raise capital for project expansion, with several developers tapping equity markets to fund aggressive capacity build-out plans.

Source: CNBC-TV18

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