Juniper Green Energy has successfully commissioned its 217 megawatt peak (MWp) solar photovoltaic project in Chapalgaon, Maharashtra. This significant achievement marks a major step in India’s clean energy landscape, as the project went live an impressive 18 months ahead of its planned schedule. The final phase, comprising 71 MWp, was completed on June 23, 2025, following the initial phase of 145.99 MWp that was commissioned on May 22, 2025.
The Chapalgaon solar facility is managed by Juniper Green Energy’s subsidiary, Juniper Green Ray Two Private Limited. It operates under a power purchase agreement with the Maharashtra State Electricity Distribution Company Limited (MSEDCL). CEO Ankush Malik emphasized that the early completion of the project reflects both the company’s engineering capabilities and its commitment to India’s renewable energy goals. “This early delivery is not just about our engineering and operations but our long-term commitment to India’s renewable energy journey,” Malik stated.
Achieving full capacity in just four months after signing the power purchase agreement is a notable accomplishment in the Indian renewable sector. The project’s integration into the state grid will enhance Maharashtra’s renewable energy mix and contribute significantly to India’s decarbonisation efforts.
Financial estimates for the Chapalgaon project suggest an investment between INR 900-1,100 crore, depending on various factors such as land acquisition and technology costs. The project’s early commissioning allows Juniper Green Energy to take advantage of government-supported transmission waivers and incentives, further boosting its financial outlook. Completing the project ahead of the original commercial operation date also means the company can expect improved returns on investment and quicker operational cash flows, while simultaneously dodging inflationary pressures.
Juniper Green Energy has recently filed for an initial public offering (IPO) worth INR 3,000 crore with the Securities and Exchange Board of India (SEBI). The proceeds are allocated for debt repayment and funding subsidiaries, with INR 1,092.27 crore earmarked for debt and INR 1,157.73 crore for subsidiary operations. The company boasts a renewable portfolio of 7,898.45 MW with a capacity backed by power purchase agreements at 97.64%. In the first nine months of fiscal year 2025, Juniper Green Energy reported revenues of INR 351.59 crore and an EBITDA of INR 329.17 crore.
Since its establishment in October 2018, Juniper Green Energy, headquartered in Delhi-NCR, has achieved an operational renewable energy capacity of 1.45 GWp and aims to expand to 10 GW by 2030. The company is currently developing utility-scale solar, wind, and hybrid projects across Rajasthan, Gujarat, and Maharashtra.
To support its ambitious growth plans, Juniper Green Energy has entered into two significant technology supply agreements. It has secured an 835 MW inverter supply agreement with the Chinese manufacturer Sungrow, which includes advanced inverters designed to withstand India’s harsh climate. Additionally, a 1 GW module procurement deal with First Solar was signed in December 2024, ensuring a steady supply of high-quality solar modules manufactured at their facility in India.
The company has also diversified into merchant solar power, recently commissioning a 100 MW project in Rajasthan to supply energy to Bhutan, which relies heavily on hydroelectric power. Earlier in 2025, Juniper Green Energy completed the solar component of its hybrid project in Karanja, located in the Wardha district, ahead of schedule.
The successful commissioning of the Chapalgaon solar project illustrates the capability of private sector entities to deliver large-scale renewable infrastructure efficiently. It also highlights the maturation of India’s solar supply chain, strengthened by strategic partnerships and government support. As the country works towards its target of 500 GW of non-fossil fuel capacity by 2030, Juniper Green Energy’s accomplishments serve as a reminder that execution excellence will be pivotal in the ongoing energy transition.
