JUNIPER GREEN : CARE RATES STEP-DOWN WOS RS 50 CR BANK FACILITIES A+ STABLE

• CARE Ratings assigned CARE A+; Stable to long-term bank facilities of ₹472.16 Cr of Juniper Green Spark Ten (JGST), a step-down wholly owned subsidiary • JGST operates a 100-MW solar-wind hybrid project in Maharashtra — 75-MW AC (108.75 MW DC) solar and 25-MW wind — under a 25-year PPA with MSEDCL at ₹3.60/kWh • Entire capacity commissioned by September 2026, ahead of the November 2026 scheduled COD; solar fully operational by January 2026 • Early commissioning expected to reduce overall project cost by at least ₹50 Cr, lowering debt and equity requirement in 80:20 ratio • Additional revenue of ~₹30 Cr till September 2026 from power sale; average DSCR projected at 1.5x, TD/EBITDA seen above 5.5x

Juniper Green Energy Ltd

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