Juniper Green Energy Limited incorporated two wholly owned subsidiaries on October 17, 2026, to develop and operate renewable energy projects. The move expands the company's operational footprint in the power generation sector.

The newly formed entities are Juniper Green Field Fifteen Private Limited and Juniper Green Gem Fifteen Private Limited. Both companies were registered in India with 100% shareholding held by the listed entity. The incorporation aligns with the company's strategy to undertake activities related to the development, establishment, and operation of power generation projects.

Subsidiary details

The company subscribed to equity shares in both entities at par value. The total investment across both subsidiaries amounted to ₹30,00,000. Each subsidiary received 1,50,000 equity shares with a face value of ₹10 each.

Regulatory compliance

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure included details required by the SEBI Master Circular dated January 30, 2026. No governmental or regulatory approvals were required for the incorporation of these entities beyond standard registration processes.

The consideration for the share subscription was entirely in cash. Prashant Pandia, Company Secretary and Compliance Officer, signed the filing digitally on October 17, 2026. The company confirmed that the entities will focus on renewable energy infrastructure, supporting the broader transition toward sustainable power sources.

Juniper Green Energy Limited subsidiary Juniper Green Stellar Private Limited commissioned 65.40 MW of wind power capacity on October 16, 2026. This addition brings the company's aggregate operational renewable capacity to ~2,811 MWp.

The new capacity is part of the 200 MW Firm and Dispatchable Renewable Energy Project. With this commissioning, the project's operational capacity stands at 434.35 MWp and ~201 MWh Battery Energy Storage System (BESS), against a total planned capacity of 550.6 MWp and ~201 MWh BESS.

Operational Capacity Update

This development follows the full commissioning of the 150 MW Wind Solar Hybrid Power Project on October 12, 2026. The aggregate operational capacity now includes the newly added wind units alongside existing solar and hybrid assets. The total operational BESS capacity remains at ~603 MWh.

The commissioning was reported under Regulation 30 of SEBI (LODR) Regulations, 2015. It continues the phased commissioning schedule initiated earlier in October, following the completion of the final 5 MW turbine of the Gujarat Urja Vikas Nigam Limited project on October 12, 2026.

What the Numbers Show

The addition of 65.40 MW increases the total operational renewable capacity from ~2,745 MWp to ~2,811 MWp. The Firm and Dispatchable Renewable Energy Project has achieved approximately 79% of its planned wind/solar capacity (434.35 MWp out of 550.6 MWp), while its BESS component is fully commissioned at ~201 MWh.