Juniper Green Energy Files for Rs 3,000 Crore IPO

Juniper Green Energy filed draft papers with SEBI on June 25, 2025, to raise Rs 3,000 crore ($360 million) through an initial public offering (IPO). The renewable energy firm aims to expand its 1.4 GW capacity, supporting India’s 500 GW non-fossil fuel target by 2030.

Juniper Green Energy’s IPO comprises a fresh issue of Rs 2,000 crore and an offer-for-sale of Rs 1,000 crore by promoters and investors. The proceeds will fund 1 GW of new solar and wind projects, adding to its 1.4 GW portfolio across Gujarat, Rajasthan, and Maharashtra. The company’s 2024 revenue was Rs 500 crore, with 70% from solar and 30% from wind, generating 2,500 GWh annually.

India’s 159.5 GW renewable capacity, with 108 GW solar, requires $500 billion by 2030, per IRENA. Juniper’s projects, with 22% efficient monocrystalline panels, align with the 2025 Budget’s $2 billion PLI scheme, reducing 50% import reliance. Gujarat’s 12 GW solar capacity and Rajasthan’s 10 GW provide ideal conditions, but 10% grid curtailment and 15% land acquisition delays pose challenges.

The IPO will reduce Juniper’s $200 million debt, improving financial stability. The company’s 500 MW solar project in Bikaner, operational since 2024, powers 100,000 homes and cuts emissions by 400,000 tonnes annually. Scaling to 2.4 GW requires 5,000 acres and $1 billion, with 20% financing gaps for renewable firms. Tamil Nadu’s 5 GW renewable clusters offer a model, integrating AI-based grid management for 15% efficiency gains.

Challenges include volatile tariffs, with SECI auctions at Rs 2.5/unit, and environmental concerns, like 5% habitat disruption. Posts on X highlight investor enthusiasm for green IPOs, reflecting India’s renewable focus. Global benchmarks, like China’s 300 GW solar capacity, show integrated supply chains, but India’s 80% equipment import reliance raises costs by 10%.

Conclusion

Juniper Green Energy’s Rs 3,000 crore IPO drives India’s renewable expansion, supporting 2030 goals. Overcoming grid and financing challenges is key to sustained growth.

Source: Outlook Business