In Short : Adani Green Energy refinanced its $1.06 billion construction loan to develop India’s largest solar-wind hybrid project in Rajasthan. The new 19-year financing structure aligns with the project’s lifespan, ensuring long-term stability. Despite challenges, including scrutiny over a U.S. indictment, Adani Green remains committed to expanding its renewable portfolio, targeting 50 GW capacity […]
Adani Green Expands Renewable Footprint with 250 MW Solar Project in Rajasthan Amid Legal Scrutiny – EQ
In Short : Adani Green Energy Ltd (AGEL) has commissioned a 250 MW solar power project in Rajasthan’s Jodhpur district, increasing its total operational renewable capacity to 11,434 MW. This aligns with AGEL’s expansion efforts, including a 1,150 MW joint venture with TotalEnergies. Meanwhile, the company faces U.S. bribery allegations, which it has denied. In […]
TotalEnergies to invest $444 million in new joint venture with Adani Green – EQ
In Short : TotalEnergies is set to invest $444 million in a new joint venture with Adani Green Energy. This significant investment will enhance their collaboration in renewable energy, focusing on expanding solar and wind energy projects in India. The partnership aims to accelerate the development of clean energy infrastructure, contributing to India’s ambitious renewable […]
Adani Green secures $400 million funding for 750 MW power projects – EQ
In Short : “Adani Green secures $400 million funding for its 750 MW power projects, marking a significant milestone in advancing renewable energy infrastructure and supporting India’s clean energy goals.” In Detail : The $400 million fund will support the completion and commissioning of these solar projects, with operations expected to begin from November 2024 […]
Adani Green to Develop 30 GW Solar Energy at Khavda RE Park by 2029 – EQ
In Short – Adani Green’s ambitious plan to develop 30 GW of solar energy at the Khavda Renewable Energy Park by 2029 marks a substantial stride towards India’s renewable energy goals. This initiative underscores Adani’s commitment to sustainable energy development and positions the Khavda RE Park as a key player in India’s transition […]
Adani Green seeks $400 million in offshore loan: Report – EQ
In Short – According to reports, Adani Green is pursuing a $400 million offshore loan. This move suggests the company’s intent to secure funds for its renewable energy ventures. Adani Green’s pursuit of international financing reflects its commitment to expanding its green energy portfolio and underscores the global significance of renewable energy investment in today’s […]
Adani Green plans to raise $409 million US dollar bonds to repay loan – EQ
In Short : Adani Green is planning to raise $409 million through US dollar bonds to repay loans. This move suggests a financial strategy to manage debt obligations and fund the company’s renewable energy projects, contributing to Adani Green’s growth and sustainability goals. In Detail : The proceeds will be used to redeem the $500 […]
Adani Green delivers cash backed redemption plan for USD 750 million Holdco bond – EQ
Eight months prior to maturity, the outstanding notes fully secured with cash balance in Senior Debt Redemption Account (SDRA) of Holdco Notes AGEL delivers on refinancing plan for USD 750 million of notes due on 09 September 2024 With this, AGEL has fully defeased the Holdco Notes, eight months prior to the maturity date and […]
Adani Green Completes JV With TotalEnergies Raises USD 300 Million – EQ
In Short : Adani Green Energy has successfully completed a joint venture with TotalEnergies and raised USD 300 million. This collaboration underscores the global interest and financial support for renewable energy projects, contributing to the expansion of clean and sustainable energy solutions. In Detail : AGEL completed the transfer of 1,050 MW renewable portfolio to […]
Promoters to Invest INR 9,350 crore equity in Adani Green – EQ
The Board of AGEL approved issuance of INR 9,350 crore of warrants on a preferential basis to the promoter group at a share price of INR 1,480.75/share, calculated basis SEBI ICDR regulations Funds to be utilized for deleveraging and accelerated growth capex in AGEL to deliver 45 GW capacity by 2030 This transaction follows successful […]