Juniper Green Energy

What Juniper Green Energy does

Juniper Green Energy Limited is an Indian independent power producer (IPP) developing, constructing, and operating utility-scale renewable energy projects across solar, wind, wind-solar hybrid, and integrated battery storage technologies. Incorporated in 2011 and headquartered in Gurugram with a registered office in New Delhi, the company began commercial operations in 2018 with its first solar project under the MSKVY scheme in Maharashtra. As of mid-2026, Juniper Green operates approximately 1.66 GW of renewable capacity with a total contracted and awarded portfolio of approximately 10 GW spanning 48 projects across Gujarat, Maharashtra, Rajasthan, and Haryana. The company is among the top 10 renewable IPPs in India by total capacity and holds an ICRA A+ (Stable) credit rating.

The company's core technology stack centers on the FDRE (Firm and Dispatchable Renewable Energy) framework, which integrates solar generation, wind generation, and battery energy storage systems (BESS) into dispatchable power blocks that can be scheduled against grid demand. Juniper Green deployed India's first merchant BESS project (100 MWh in Bikaner, Rajasthan, commissioned January 2026) and is commissioning India's first FDRE project combining 259 MWp solar, 280 MW wind, and 200 MWh BESS. Wind projects use Envision Energy turbines, including India's largest wind turbine by rotor diameter (EN-182 5 MW with 181m rotor). A 2026 partnership with Alsym Energy extends the technology footprint into sodium-ion BESS deployment in California.

Juniper Green generates revenue through three primary streams: long-term power purchase agreements (PPAs) of 20-25 years with government utilities and DISCOMs, merchant BESS operations including peak arbitrage and grid services, and power trading via its wholly-owned subsidiary Juniper Green Power Trading Private Limited. The company secures projects through competitive tendering with state DISCOMs (GUVNL, MSEDCL, Haryana Power Purchase Centre) and central utilities (SJVN, NHPC, NTPC), and has also signed direct PPAs with private offtakers including Tata Power. Sponsors AT Capital Group (75.01% owner) and Vitol (co-investor) provided $350M of equity in 2023, and the company filed a DRHP with SEBI in June 2025 targeting an IPO to raise approximately ₹3,000 crore.

Name

Juniper Green Energy

Legal name

Juniper Green Energy Limited

Website

https://junipergreenenergy.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Juniper Green Energy is an Indian independent power producer developing utility-scale solar, wind, hybrid, and battery storage projects across India, with ~1.66 GW operational and ~10 GW total portfolio supplying long-term PPAs to government utilities and DISCOMs.

Ownership category

akta.pro rank

Product category

Renewable Energy Power Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)

SIC

Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industries

Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH), Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)

Keywords

• Renewable energy generation
• Utility-scale solar power
• Wind power projects
• Battery energy storage
• Independent power producer

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Power Purchase Agreements (PPA): Long-term power purchase agreements with state electricity distribution companies and government utilities. PPAs typically run for 25 years, providing predictable revenue streams from renewable energy generation.
2. Merchant BESS Revenue: Revenue generated from battery energy storage systems operating in merchant mode, including peak arbitrage, grid balancing services, and ancillary market participation.
3. Power Trading: Trading of electricity in wholesale markets through Juniper Green Power Trading Private Limited, enabling strategic participation in real-time balance of supply and demand in the increasingly renewable energy-driven merchant market.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Juniper Green Energy is an independent power producer (IPP) that develops, builds, operates, and maintains utility-scale renewable energy projects across India, spanning solar, wind, wind-solar hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects integrated with battery energy storage systems (BESS). The company sells electricity to government utilities and state DISCOMs under long-term power purchase agreements (PPAs) and also participates in merchant power trading and grid services markets.

Product overview

Juniper Green Energy is an independent power producer (IPP) developing utility-scale renewable energy projects across India. The company operates a diversified portfolio spanning five main product lines: Solar Projects (~1,350 MWp), Wind Projects (~382 MW), Hybrid Wind-Solar Projects (~3,927 MWp), FDRE/BESS Projects (~4,410 MWp with ~2,685 MWh battery storage), and Power Trading services. With a total portfolio of approximately 10,069 MWp as of May 2025, the company develops, builds, operates, and maintains projects through in-house engineering, procurement, construction, and operations & maintenance teams. The portfolio includes operational projects, under-construction contracted projects, and awarded projects across four states in India (Gujarat, Maharashtra, Rajasthan, and Haryana).

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Projects Utility-scale solar power projects developed, built, operated, and maintained by Juniper Green Energy for sale to government utilities and DISCOMs under long-term PPAs. The portfolio spans 16 solar projects with approximately 1,350 MWp capacity across Gujarat, Maharashtra, and Rajasthan.
• Wind Projects Utility-scale wind power projects developed, built, operated, and maintained by Juniper Green Energy for sale under long-term PPAs to government utilities. Wind portfolio comprises 5 projects with approximately 382 MWp capacity across Gujarat state.
• Hybrid (Wind-Solar Hybrid - WSH) Projects Wind-solar hybrid projects combining wind and solar generation for improved capacity utilization and grid stability, sold to government utilities under PPAs. Hybrid portfolio consists of 17 projects with approximately 3,927 MWp capacity as of May 2025.
• FDRE/BESS (Firm and Dispatchable Renewable Energy with Battery Energy Storage) Firm and Dispatchable Renewable Energy projects integrating solar, wind, and battery energy storage systems to provide scheduled, dispatchable power. FDRE portfolio includes 8 projects with approximately 4,410 MWp capacity and planned installation of approximately 2,685 MWh of BESS capacity.
• Merchant Battery Energy Storage System (BESS) Grid-scale battery energy storage systems operating in merchant mode to generate revenues through peak arbitrage, grid balancing services, and ancillary market participation without long-term PPA commitments. Includes India's first merchant BESS project with 100 MWh capacity in Bikaner, Rajasthan.
• Power Trading Wholesale electricity trading operations through subsidiary Juniper Green Power Trading Private Limited, enabling participation in merchant market for real-time balance of supply and demand in India's renewable energy sector. The entity holds a trading license and files CERC monthly reports.

Quantifiable outcome

• 305 MW commissioned 30-148 days ahead of scheduled commercial operation dates
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• SJVN LimitedcoreStrategic or Co-development Partner · 20 April 2026SJVN Limited issued the landmark FDRE tender under which Juniper Green was awarded India's first firm and dispatchable renewable energy project. Juniper signed a 200 MW power purchase agreement with SJVN, which entered into a back-to-back power sale agreement with Haryana Power Purchase Centre to supply renewable power to the state.
• Envision EnergycoreTechnology or Integration · 23 January 2026Envision Energy partnered with Juniper Green for supply and installation of battery energy storage systems for India's first merchant BESS project in Bikaner, Rajasthan. The partnership also includes wind turbine supply for projects including the EN-182 5 MW turbine with 181-meter rotor for India's largest wind turbine by rotor diameter.
• Tata Power Company LimitedcoreStrategic or Co-development Partner · 7 October 2025Juniper Green signed a PPA with Tata Power Company Limited for 70 MW of FDRE power, establishing a commercial relationship for renewable energy supply to one of India's largest private power utilities.
• NHPC LimitedcoreStrategic or Co-development Partner · 16 July 2025Juniper Green signed a power purchase agreement with NHPC Limited for a 250 MW FDRE project, expanding the company's portfolio of firm and dispatchable renewable energy projects.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Greenko Group: Large Indian renewable IPP with operational assets in solar, wind, hydro, and energy storage, recently acquired by AM Green. Highly comparable as a renewable IPP with BESS focus, similar offtake structure (PPAs with state utilities), and similar technology diversification across solar, wind, and storage.
• ReNew Power: One of India's largest renewable IPPs with significant solar, wind, and hybrid capacity plus emerging BESS portfolio. Directly comparable as a utility-scale renewable developer competing in identical tender processes (SECI, GUVNL, SJVN, NHPC) with similar B2B offtake model.
• Hero Future Energies: Indian renewable IPP with solar, wind, and BESS projects across multiple states. Comparable as a utility-scale renewable developer with similar offtake structure (PPAs with government utilities), competitive bidding model, and emerging focus on energy storage solutions.
• Azure Power (now Gentari): Solar IPP with utility-scale projects across India, now part of Gentari (Petronas subsidiary). Comparable as a utility-scale solar and hybrid IPP serving state DISCOMs and central utilities, with similar project development model and tender-based revenue generation.
• Acme Solar Holdings: Indian solar and BESS IPP with operational portfolio in multiple states, recently listed via IPO. Highly comparable in business model (utility-scale IPP, PPA-driven revenue, similar scale), customer base (state DISCOMs and central utilities), and growth trajectory as a recently-IPO'd renewable developer.

Broad incumbents

• NTPC Renewable Energy: Subsidiary of India's largest power generator NTPC, focused on renewable energy development. Comparable as a renewable IPP competing in similar government tenders, with stronger balance sheet backing and broader conventional generation portfolio providing competitive advantages.
• Adani Green Energy: India's largest renewable IPP with 12+ GW operational capacity across solar, wind, and hybrid projects. Comparable as a utility-scale renewable energy developer competing for similar government tenders and serving similar offtakers, though significantly larger and more diversified across geographies.
• JSW Energy: Indian integrated power company with growing renewable energy portfolio including solar, wind, and storage. Comparable as a utility-scale renewable developer pursuing similar FDRE and hybrid projects, with broader conventional generation providing balance sheet strength.
• Engie India: Indian subsidiary of global utility Engie with renewable energy and BESS projects. Comparable as a utility-scale renewable developer pursuing similar solar, wind, and storage opportunities, with global parent providing capital and technology advantages over domestic-only competitors like Juniper.
• Tata Power Renewable Energy: Subsidiary of Tata Power, one of India's largest integrated power companies with significant solar, wind, and hybrid capacity. Comparable as a renewable IPP and offtaker (Tata Power has signed PPAs with Juniper); offers similar renewable solutions but with the backing of a larger integrated utility.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/JuniperGE
• LinkedInlinkedin.com/company/junipergreenenergy
• Instagraminstagram.com/junipergreenenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries13 records

Funding overview

Funding rounds4 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Juniper Green Energy