Jakson Green, a new energy transition platform based in Noida, Uttar Pradesh, India, has signed a credit facility amounting to 2.96 billion rupees (US$35.4 million) with First Abu Dhabi Bank (Mumbai).

The debt package will support the company’s international expansion, starting with a 250-megawatt solar project with a battery energy storage system (BESS) in Uzbekistan.

Jakson Group manufactures and sells diesel generator sets and solar PV modules. It operates four key businesses in India – power generation and distribution; solar energy; engineering, procurement and construction; and defence.

“The support extended by First Abu Dhabi Bank empowers us to engage with diverse markets and capitalize on opportunities for sustainable growth,” said chief financial officer Chandan Goswami.

The company aims to deliver 10 gigawatts of renewable energy assets by 2025 and 20GW by 2030, and produce over one million tonnes of green hydrogen by the end of the decade.

At the end of May, Jakson Green signed a sustainable finance facility amounting to 600 million rupees with HSBC India to support the working capital requirements of its renewable energy business.