Juniper Green Energy IPO soon as firm transitions from private entity into public company; details here

The entity has been renamed from Juniper Green Energy Pvt Ltd to Juniper Green Energy Ltd, data with the Ministry of Corporate Affairs showed.

The move has paved the way for the filing of draft IPO documents with markets regulator SEBI.

PTI, quoting sources, reported that the Delhi-based company is expected to soon file its IPO papers with the Securities and Exchange Board of India (SEBI).

Juniper Green Energy is an independent renewable energy power producer in India, focused on the development, construction and operations of utility-scale solar, wind, and hybrid renewable energy projects. The company has grown its operational capacity to 1.1 GWp.

Juniper Green Energy is part of AT Capital Group, a globally diversified investment group with a focus on sectors such as renewable energy, real estate, private and structured credit, and public markets.

Earlier this month, Juniper Green Energy appointed Ankush Malik as its Chief Executive Officer. Malik has more than 15 years of experience in the power sector.

Some operational solar projects

According to a report by the India Brand Equity Foundation, India's energy demand is expected to increase more than that of any other country in the coming decades due to its sheer size and enormous potential for growth and development. India was ranked fourth in wind power capacity and solar power capacity and fourth in renewable energy installed capacity as of 2023.

Installed renewable power generation capacity has increased at a fast pace over the past few years, posting a CAGR of 15.4% between FY16 and FY23. India has 125.15 GW of renewable energy capacity in FY23, the report added.