• IPO offering details: The company is raising ₹1,800 crore via a fresh issue priced between ₹214 and ₹225 per share, implying a valuation of approximately ₹12,900 crore at the upper end.
• Capacity expansion roadmap: Juniper Green Energy plans to scale its operational capacity from 2,400 MW to 6,000 MW over the next 2 to 3 years, aiming to fully operationalize its 10,000 MW portfolio by 2030–31.
• Tariff realizations: Wind-solar hybrid and firm dispatchable renewable energy (FDRE) projects realize average tariffs of ₹3.70 per unit, compared to roughly ₹3.00 per unit for plain vanilla solar.
• Debt and financing: Projects maintain an 80:20 debt-equity ratio with 17- to 18-year debt sourced from PFC, REC, and IREDA, supported by 25-year power purchase agreements and EBITDA margins of 80% to 86%.
• Target market strategy: The company is focused exclusively on utility-scale projects rather than the commercial and industrial sector, though data center power supply is being evaluated for future expansion.