Jakson Green is targeting a commissioned operational portfolio of 12.5 GW over the next 24 months, as the new energy-transition platform expands its renewable power, EPC, battery storage, green hydrogen and green ammonia businesses.

The planned portfolio comprises approximately 2.5 GW of independent power producer (IPP) projects and 9.5 GW of engineering, procurement and construction (EPC) projects. The company also has 500 MWh of battery energy storage system (BESS) projects and about 7 GW of projects in operations and maintenance (O&M), according to Vice-Chairman and Global Chief Executive Officer Bikesh Ogra.

The portfolio includes projects that are already commissioned as well as assets under development, construction and commissioning.

Jakson Green is also working towards a broader target of reaching 30 GW of renewable IPP and EPC capacity by 2030, while building businesses across green hydrogen, ammonia, energy storage and other energy-transition technologies.

Jakson Green expands IPP portfolio

The company currently has around 1 GW of IPP projects that are fully financed and under execution.

According to Ogra, the remaining IPP projects are in discussions with lenders for financial closure. These projects have land, permits, grid connectivity and power purchase agreements in place and are at an advanced stage of development.

Jakson Green is pursuing multiple capital-raising approaches for its new businesses. For its renewable IPP and BESS portfolio, the company has been using partnerships and capital recycling to fund further development.

Ogra said the company has divested a portion of its shareholding in some assets to generate capital for developing additional projects.

The company is also discussing similar structures for other assets, with potential partners expected to participate through special purpose vehicles once projects reach the development stage.

Green ammonia project moves towards construction

Jakson Green has also secured a green ammonia project awarded by the Solar Energy Corporation of India (SECI), with an annual offtake requirement of 85,000 tonnes.

The project is being developed at the Gopalpur Special Economic Zone in Odisha, where the company has acquired land for the ammonia production facility. Front-end engineering and design (FEED) work has been completed.

Ogra said construction of the green hydrogen production facility is expected to begin by the end of 2026.

The renewable energy capacity required to supply the hydrogen and ammonia facilities is also being developed, with land acquisition underway. Construction of those renewable assets is expected to begin in the first quarter of 2027.

Under the offtake agreement, the project has a commissioning deadline of the end of 2028, with supplies to agrochemical company Coromandel International scheduled to begin in the first quarter of 2029.

Green methanol pilot combines carbon capture and hydrogen

Jakson Green has also commissioned pilot projects focused on alternative low-carbon fuels.

One green methanol project delivered to NTPC uses carbon captured from the flue gases of a thermal power plant. The captured carbon is combined with hydrogen produced using electrolysers and processed through a methanol production loop.

The project represents an application of carbon utilisation alongside renewable hydrogen production, although the commercial scalability of such systems will depend on factors including hydrogen costs, carbon availability, process efficiency and the economics of methanol production.

Green hydrogen market enters project development phase

Ogra said the development of India’s green hydrogen market is beginning to move from policy ambition towards project deployment.

The stated objective is to replace a portion of conventional hydrogen consumption in sectors such as refining, steel, cement and fertilisers with green hydrogen and other green fuels.

Jakson Green estimates that around 30,000 tonnes per annum (tpa) of green hydrogen production capacity has already been awarded. Ogra also said the government plans to bid out approximately 200,000 tonnes of hydrogen in tranches of 5,000–10,000 tpa over the next 12–18 months.

Projects emerging from these allocations could require approximately 24–30 months of development before construction and subsequent rollout, according to Ogra.

Green hydrogen costs continue to fall

The economics of green hydrogen remain closely linked to the cost of renewable electricity, electrolyser performance and capital expenditure.

Ogra said the first price discovery for green hydrogen was around $3–4 per kilogram, while the latest bid was approximately 20–25% lower than an earlier bid.

He attributed the decline to improvements in renewable energy and electrolyser economics. Electrolyser technology is evolving to reduce electricity consumption per kilogram of hydrogen produced, while capital costs and expected operating life are also improving.

Falling renewable energy and battery costs could further influence the economics of integrated hydrogen projects, particularly where developers combine renewable generation, storage and electrolysis.

Jakson Green’s 2030 expansion strategy

The company’s near-term 12.5 GW target and longer-term 30 GW IPP and EPC target by 2030 point to a business model that combines project development, asset ownership and EPC execution.

Its expansion also extends beyond conventional renewable power into BESS, green hydrogen, ammonia and green methanol.

The key execution challenge will be converting projects at different stages of development into commissioned assets while securing financing, equipment, grid connectivity, offtake agreements and construction capacity.

Bioenergy Business Analysis

Jakson Green’s 12.5 GW two-year target illustrates how renewable energy developers are increasingly combining IPP ownership with EPC execution and energy-transition technologies rather than relying on a single business model. The reported 2.5 GW IPP target would add owned generation capacity, while the larger EPC component provides a route to scale without requiring the company to retain ownership of every project.

The green ammonia and hydrogen pipeline adds another dimension. The 85,000-tonne annual ammonia offtake provides a defined demand framework, while the planned renewable assets will be important to the project’s eventual green-hydrogen economics. At the same time, the company’s green methanol pilot demonstrates an effort to integrate carbon utilisation with hydrogen production. For these projects, the principal commercial questions will remain financing, technology performance, renewable-power costs, offtake security and the ability to move projects from development into construction and operation on schedule.

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