{"id":85562,"date":"2024-07-23T00:00:00","date_gmt":"2024-07-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/23\/fab-india-extends-a-credit-line-to-jakson-green-for-a-250-mw-solar-project\/"},"modified":"2024-07-23T00:00:00","modified_gmt":"2024-07-23T00:00:00","slug":"fab-india-extends-a-credit-line-to-jakson-green-for-a-250-mw-solar-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/23\/fab-india-extends-a-credit-line-to-jakson-green-for-a-250-mw-solar-project\/","title":{"rendered":"FAB India extends a credit line to Jakson Green for a 250 MW solar project"},"content":{"rendered":"

<\/strong>FAB <\/strong>India extends loan for Uzbek solar plant: <\/strong>First Abu Dhabi Bank\u2019s India office<\/a> has advanced an INR 2.96 bn (c. USD 35.4 mn) credit facility to India-based engineering company Jakson Green<\/a> to develop a 250 MW solar plant in Bukhara, Uzbekistan, Indian news outlet The<\/a>Economic Times<\/a> reports, citing a statement. The project \u2014 the company\u2019s first renewables venture in Uzbekistan \u2014 will include an integrated battery energy storage system with a capacity of 63 MW.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

FAB is leading the way in sustainability: <\/strong>The UAE-based lender was recognized as the most sustainable company<\/a> in the Middle East and Africa by Time magazine and data firm Statista. FAB is the highest-ranked company from the region in Time\u2019s inaugural World\u2019s 500 Most Sustainable Companies list, which evaluated over 5k companies globally. The bank \u2014 the first globally to join the COP28 Net-Zero Transition Charter<\/a> \u2014 pledged to lend, invest, and facilitate over AED 500 bn<\/a> (USD 135 bn) in sustainable and green financing by 2030 during COP28.<\/p>\n

About Jakson Green: <\/strong>Founded in 2022, Jakson Green specializes in Engineering, Procurement, and Construction, Independent Power Production, Independent Hydrogen and Ammonia Production, and operations and maintenance of new energy assets, according to their website<\/a>. These assets span various technologies, including solar, utility-scale energy storage, waste-to-energy, fuel cells, green hydrogen, and green ammonia projects. The company is headquartered in India, with operations across UAE, Europe, the Middle East, Africa, amongst others.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 250 MW project will include an integrated battery energy storage system with a capacity of 63 MW\/126MWh.<\/p>\n","protected":false},"author":1,"featured_media":85563,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,472,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-first-abu-dhabi-bank","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"9e674156-adf2-4c2f-ae70-0f56813ad7f2","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2119.jpg","photo_position":"above","homepage_title":"","full_issue_title":"FAB India extends a credit line to Jakson Green for a 250 MW solar project","related_issue":[85552],"teaser":"The 250 MW project will include an integrated battery energy storage system with a capacity of 63 MW\/126MWh.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.9a51a9a4-acb7-44a7-b763-f2b3bf01ab79.mp3"},"yoast_head":"\nFAB India extends a credit line to Jakson Green for a 250 MW solar project - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/23\/fab-india-extends-a-credit-line-to-jakson-green-for-a-250-mw-solar-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAB India extends a credit line to Jakson Green for a 250 MW solar project\" \/>\n<meta property=\"og:description\" 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