AUGUST 20239JUNIPER GREEN ENERGY INKS 5000 CR MOU WITH PFC FOR FUNDING 1200 MW RE PROJECTSJuniper Green Energy announced that it has inked a Memorandum of Understanding (MoU) worth 5,000 crore with Power Finance Corp. Ltd. In order to obtain funding for its ambitious 1200 MW renewable energy (RE) projects. The MoU was formally signed during the 14th Clean Energy Ministerial (CEM) gathering, which was held concurrently with the G20 Summit. "Juniper Green Energy is on track to achieve more than 4000 MW of capacity by 2027 with a diversified portfolio of solar, wind, and hybrid projects with the above development".With a current pipeline of more than 3000 MW of solar, wind, and hybrid projects in various stages of development, Juniper Green Energy has an existing portfolio of about 800 MW, 435 MW of capacity that is under construction, and an existing portfolio of around 800 MW."We are appreciative of PFC's trust in us as we work to realise our purpose of providing the promise of a sustainable future for future generations. The partnership will let us take advantage of intriguing opportunities as we work to meet India's exponential need for sustainable energy, according to Parag Agrawal, CFO of Juniper Green Energy.The asset portfolio of AT Group subsidiary Juniper Green Energy is estimated to be worth $2.4 billion. In order to support a more environmentally friendly future, the firm has been aggressively investing in sustainable businesses such as hospitality, real estate, and renewable energy. INDIA PLANS TO ACHIEVE 50 PERCENT NON-FOSSIL INSTALLED CAPACITY BY 2030Prime Minister Narendra Modi emphasised India's climate obligations on Saturday, saying the nation had demonstrated leadership in climate action and met its goal for non-fossil installed electric capacity nine years ahead of schedule. India now intends to reach 50% installed non-fossil capacity by 2030, the Prime Minister stated in a video message at the G20 Energy Ministerial Meeting in Goa on Saturday."Without energy, no discussion about the future, sustainability, or growth and development is complete. At the gathering of ministers from the G20 nations, the prime minister declared, "It influences growth at all levels, from individuals to nations. He emphasised that India is among the world leaders in solar and wind energy and is working hard to promote sustainable development and an energy transition."India is the world's most populous country and has the largest, fastest-growing big economy, yet we are making significant progress towards meeting our climate pledges... We exceeded our goal for installed non-fossil power capacity by nine years. The goal has been raised to 50 percent non-fossil installed capacity by 2030, according to PM Modi. R K Singh, the Union Minister for Power and New and Renewable Energy, is presiding over the G20 Energy Ministerial conference. Ahead of schedule, India has produced 43.6 percent of its total energy using non-fossil fuel sources, according to Union Minister Singh, who made the announcement earlier on Friday. TOP STORIES
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