Debt financing

Adani Green Energy raises $400-M

Business Standard  

Publicly-listed Adani Green Energy has raised USD 400 million from a consortium of international lenders for its under-construction 750 MW solar power projects in Rajasthan and Gujarat. The lenders include Cooperative Rabobank U.A., DBS Bank Ltd., Intesa Sanpaolo S.p.A., MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation.While the Rajasthan project, with a 500 MW capacity, has a long-term power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), the 250 MW Gujarat project is a standalone merchant power project being implemented at renewable energy cluster at Khavda in Gujarat.

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