Jakson Green, the renewable energy arm of the Jakson Group, has secured a ₹2.96 billion (~$35.36 million) credit facility from First Abu Dhabi Bank (Mumbai) to support its international expansion, starting with a solar photovoltaic and battery storage project in Uzbekistan. The project involves building and operating a 250 MW solar power facility combined with a 63 MW/126 MWh battery energy storage system in Bukhara.

This credit facility marks a significant milestone for Jakson Green’s entry into Uzbekistan’s renewable energy market as the company continues to expand its presence in the Middle East, Africa, the Commonwealth of Independent States, and Europe.

“The support extended by First Abu Dhabi Bank empowers us to engage with diverse markets and capitalize on opportunities for sustainable growth. This project in Uzbekistan exemplifies Jakson Green’s dedication to delivering excellence in utility-scale renewable energy projects, both domestically and internationally, and highlights our commitment to advancing clean energy solutions and fostering global partnerships in the renewable energy sector,” said Chandan Goswami, Chief Financial Officer of Jakson Green.

The energy and infrastructure conglomerate Jakson Group launched Jakson Green in 2022. Its strategic focus is on green hydrogen, green ammonia, waste-to-energy solutions, electrolyzers, fuel cells, and large-scale battery energy storage systems. The venture also offers solar energy solutions and associated operation and maintenance services.

In May, Jakson Green obtained a sustainable trade facility of ₹600 million (~$7.1 million) from HSBC India. The trade facility was intended to help bolster the company’s operational needs within the renewable energy sector in India and overseas.

In January, Rail Vikas Nigam and Jakson Green announced the formation of a joint venture to explore solar power project opportunities in India and abroad. Under the agreement, Jakson Green owns the majority 51% stake in the new company, and RVNL the remaining 49%.