Adani Green Energy (AGEL) has sealed its largest project financing of $1.36 billion senior debt facility as part of its Construction Financing Framework to enhance the funding pool to $3 billion since initial project financing in March 2021. The financing will be a key enabler for developing the world’s largest renewable energy park at Khavda in Gujarat.
The groundbreaking transaction is a testament of India’s commitment to accelerate climate action and comes at an opportune time when global economies converge at 28th United Nations Climate Change Conference (COP28) to pledge their approaches towards energy transition and emissions-reduction goals. The facility is Green Loan certified by the Second Party Opinion Provider Sustainalytics. 8 International banks have participated in this marquee transaction.
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.
Company Name | CMP |
---|---|
NTPC | 336.20 |
Tata Power | 402.65 |
Power Grid Corp | 315.45 |
Adani Power | 504.40 |
Torrent Power | 1498.50 |
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