Adani Green Energy raises $1.35 bn to fund renewable units
The Hindu
Adani Green Energy Ltd (AGEL) has raised $1.35 billion in debt for its under-construction, renewable-asset portfolio from 12 international banks, the company said.
“The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be set up under four SPVs (special purpose vehicles) in Rajasthan,” it said. As per the agreement, 12 international banks have committed to the facility which would be the first certified green hybrid project loan in India, according to a company statement.
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