Debt financing
Adani Green refinances $1.06 B debt
Publicly listed renewable energy player Adani Green Energy Ltd (AGEL) has refinanced its USD 1.06 billion maiden construction facility with long-term financing for a solar-wind hybrid renewable cluster in Rajasthan which was taken in 2021. This long-term financing has a door-to-door tenor of 19 years with fully amortized debt structure.Founded in 2015, AGEL currently has an operating renewable portfolio of 12.2 GW, spread across 12 states, consisting of 8,347.5 MW solar, 1,651 MW wind and 2,259.6 MW wind-solar hybrid capacity.
Between Aug 2023 and July 2024, Adani Green Energy had raised about USD 900 M in a mix of debt and equity from Qatar Investment Authority, MUFG Innovation Partners and Others.For FY24, Adani Green Energy had reported about INR 9,220 Cr in Operating Income and about INR 971 Cr in PAT.
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