Renewable Energy

Adani Green Energy tying up funds over $1 billion with international banks

Gagan Sidhu

Notable because

This news comes close on the heels of another Adani Group entity, Adani Energy Solutions (AES), securing a $1 billion loan for a green high voltage direct current (HVDC) link project. Adani Green is one of the few publicly listed RE developers in India and with it now in advanced stages of tying up $1 billion for itself, the group appears to be recovering from the Hindenburg Research overhang.

What to look out for in the months ahead

The consortium behind the earlier $1 billion loan to AES was made up of European, Japanese, and Singaporean banks. Will we see a similar geographic make-up of the consortium behind the reported $1 billion being raised by Adani Green for RE project capacity addition?