Juniper Green Energy - IPO Report

Juniper Green Energy Ltd. is among the top 10 renewable Independent Power Producers (IPPs) in India by total capacity as of March 31, 2026. The company develops, builds, operates and maintains utility-scale renewable energy projects through its integrated in-house EPC and O&M capabilities, generating revenue primarily from long-term electricity sales to central and state government-backed entities.

Since commissioning its first 100 MW (144.97 MWp) solar project in March 2020, the company has expanded its portfolio to 7,910.20 MW (10,247.06 MWp) as of June 30, 2026, across solar, wind, wind-solar hybrid (WSH), and Firm & Dispatchable Renewable Energy (FDRE) projects integrated with Battery Energy Storage Systems (BESS). It is also the second-largest bidder in WSH and FDRE tenders concluded between April 2021 and March 2026, with a 9.09% market share and a 96.80% project conversion rate.

The company benefits from a diversified and high-quality project pipeline, with 97.68% of its capacity backed by long-term Power Purchase Agreements (PPAs), typically spanning 25 years, with investment-grade counterparties including SECI, NTPC, NHPC, SJVN, GUVNL, MSEDCL and Tata Power, providing strong revenue visibility.

Its portfolio is further supported by a 12,000+ acre land bank, over 300 wind turbine sites, and projects spread across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh.

As of June 30, 2026, the company had a portfolio of 20 operational projects (1,794.80 MW), 19 contracted projects (2,875.40 MW) and 11 awarded projects (3,240 MW), providing strong long-term growth visibility.