Juniper Green Energy Limited has fully commissioned its 150 MW wind-solar hybrid power project in Gujarat under a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL). The final 5 MW wind turbine was installed on October 12, 2026, completing the commissioning of the project. Officials from the Gujarat Energy Development Agency and Paschim Gujarat Vij Company Limited witnessed and confirmed the commissioning, with the formal commissioning certificate expected to be issued shortly. This completion marks the full operational status of the project as contracted with GUVNL.
Following the commissioning, the aggregate operational capacity of Juniper Green Energy and its subsidiaries stands at around 2,745 MWp, along with 603 MWh of battery energy storage systems (BESS), as of October 12, 2026. The project's commissioned capacity has increased to 368.95 MWp, along with about 201 MWh of battery energy storage system (BESS), against a planned capacity of 550.6 MWp and around 201 MWh of BESS. The company had earlier commissioned 15.5 MW of wind power capacity on October 1 through its wholly owned subsidiary Juniper Green Stellar Pvt Ltd as part of its 200 MW firm and dispatchable renewable energy project.
The latest commissioning follows several additions to Juniper Green Energy's portfolio in September. On September 10, the company commissioned 35 MW of wind power capacity as part of a 150 MW wind-solar hybrid project in Gujarat, reaching 175 MWp against a planned capacity of 190 MWp. Earlier on September 10, the company's wholly owned subsidiary Juniper Green Spark Ten Pvt Ltd had fully commissioned a 75 MW wind-solar hybrid project in Maharashtra, with the subsidiary commissioning the final 10 MW of wind capacity on September 9. The completion of this specific 150 MW project follows earlier intimations provided by the company on September 10, 2026, and September 11, 2026, regarding the phased commissioning of additional capacity.
Shares of Juniper Green Energy Ltd closed 1.51% lower at ₹271.10 apiece on October 12, as reported by CNBC TV18. The stock movement reflects market reaction to the commissioning news, with investors processing the company's continued expansion in the renewable energy sector through its hybrid wind-solar projects across multiple states. Historical stock returns show the company's strong performance with +20.96% returns over 1 year, 6 months, and 1 month periods, demonstrating sustained investor confidence in the company's renewable energy expansion strategy.
