Adani Green Energy raises US$1.35 billion in debt funding

The Indian developer has secured the revolving fund from 12 international banks. It will use the amount to initially finance its 1.69 GW hybrid portfolio of solar and wind projects to be set up in the Indian state of Rajasthan.From pv magazine India Adani Green Energy Limited (AGEL) has announced it has raised US$1.35 billion in debt funding for its under-construction renewable asset portfolio. The revolving fund will initially finance the 1.69 GW hybrid portfolio of solar and wind projects to be set up through its four special purpose vehicles in the Indian state of Rajasthan. According to the ...

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