Key Points
Adani Green Energy said on Tuesday it has sealed a follow-on funding of $1.36 billion via senior debt facility, marking its largest project financing to date as part of the Construction Financing Framework..
Adani Green's construction financing framework is backed by a consortium of international banks...
The green loan facility is set to play a crucial role in facilitating the progression of AGEL's upcoming landmark project - the world's largest Renewable Energy Park located at Khavda in Gujarat, the company said in a statement...
"The extension of Construction Financing Framework to USD 3 bn is a historic landmark and will boost the development of Khavda site which is poised to become the worlds largest Renewable Energy Park with the generation capacity of 17 GW," said Vneet S Jaain, MD, Adani Green Energy.. "It will be a catalyst in the accelerated completion of the development activities at the project site..
The funding not only validates our expertise as a developer and operator of strategically vital renewable energy projects but also demonstrates the trust by our financiers in our strategic vision," said Amit Singh, CEO of Adani Green Energy.. Singh said the company is committed to expand its renewable power capacity to 45 GW by 2030...
You might be interested in
Adani Green Energy begins generation from world’s largest energy park in Gujarat
14, Feb, 24Adani Green Energy plans to develop 30 GW of renewable energy capacity at the Khavda park, operational in the next five years
Gautam Adani gives a peek into Adani Group's upcoming renewables road map
18, Jul, 23We are now building the largest hydro renewable park in Khaora. It will be the most complex and ambitious project that we have ever executed. Spread over more than 72,000 acres, this project will be capable of generating 20 gigawatt of green energy, Adani said.
Green Jobs; a path to sustainable economic development in India
27, May, 23The Green Skill Development Programme (GSDP) has been launched by the NSDC to develop green skills among youngsters and boost their employability in the sector.
Adani Green Energy share price up 4% - two factors behind the rally
14, Feb, 24The recent surge in the stock can be attributed to two key factors: the upward revision by Moody's and the operationalization of a 51 MW solar capacity in Gujarat.
Adani Green Energy shares jump over 18% today. Here’s why
05, Dec, 23At around 10:48 am, Adani Green shares were up 18.48 per cent at Rs 1,330.90 apiece. With this, the market capitalisation of the company rose to Rs 2.10 lakh crore.
PFC, REC extend Rs 3 lakh crore funding for green energy projects
21, Jul, 23India Business News: NEW DELHI: It’s raining money at the G20 14th clean energy ministerial in Goa, with public sector lending agencies REC (Rural Electrification Corporat.
Adani Green raises $1.4 billion loan for largest renewables park
05, Dec, 23India Business News: Adani Green Energy Ltd raised $1.36 billion from a consortium of international banks, including BNP Paribas and Standard Chartered, for a renewable en
NSE, BSE to move Adani Green Energy to first stage of long term additional surveillance measure framework
07, Apr, 23Leading bourses NSE and BSE on Thursday said Adani Green Energy will be moved to the first stage of the long term additional surveillance measure framework from April 10.
Adani Green concludes 8 GW power purchase pact with Solar Energy Corp
25, Dec, 23The company said that overall it has tied up power purchase agreements, or PPAs, for 19.8 GW of renewable energy
Powering Millions: Adani Green's 30 GW project to generate 81 billion units of electricity annually
14, Feb, 24Adani Green Energy Limited (AGEL) plans to develop a 30 GW renewable energy plant in Khavda, India, making it the world's largest upon completion. The project is expected to generate 81 billion units of electricity annually and prevent 58 million tonnes of CO2 emissions each year