Adani Green Energy Secures $250 Million Offshore Loan, Signaling Strong Investor Confidence – EQ
In Short : Adani Green Energy has secured a $250 million offshore loan from a consortium of four global banks, marking its first foreign currency financing since the U.S. DOJ indictment of Adani Group Chairman Gautam Adani. The five-year loan at 8.2% interest will refinance existing debt, reflecting investor confidence, supporting sustainable growth, and reinforcing the company’s commitment to India’s renewable energy expansion.
In Detail : Adani Green Energy has secured a $250 million offshore loan from a consortium of four international banks, marking its first foreign currency financing since the U.S. DOJ indictment of Adani Group Chairman Gautam Adani. This financing demonstrates the company’s ability to attract global investor confidence despite regulatory challenges.
The loan was provided by DBS Bank Ltd., DZ Bank, Rabobank, and Bank SinoPac Co Ltd. It carries an interest rate of approximately 8.2% and has a tenure of over five years, ensuring long-term capital support for the company.
The funds from the loan will be used primarily to refinance existing debt, aligning with Adani Green Energy’s strategy to optimize its capital structure and reduce financial leverage in a challenging market environment.
This financing is part of the Adani Group’s broader plan to deleverage over the next five years. The company intends to avoid issuing bonds in international markets until 2027, focusing instead on strategic refinancing and sustainable growth.
Despite ongoing regulatory scrutiny, Adani Green Energy has shown operational resilience. The company reported a 45% year-on-year increase in operational renewable energy capacity, reaching 15.8 gigawatts, alongside a 42% increase in sales during the April-June quarter.
The successful offshore loan also reflects renewed investor confidence in the company’s strategic direction. It underscores the market’s trust in Adani Green Energy’s commitment to sustainable energy development and long-term growth objectives.
The participation of reputable international banks highlights strong global support for Adani Green Energy’s renewable energy initiatives. This partnership is expected to facilitate further expansion of the company’s renewable portfolio in India.
Adani Green Energy continues to prioritize transparency and regulatory compliance. Independent law firms have been appointed to review the U.S. indictment, and the company is cooperating with authorities to address any legal and procedural matters.
Looking forward, the $250 million loan will support the company’s ongoing renewable energy projects and growth plans. It represents a key step in strengthening financial health, expanding capacity, and contributing to India’s clean energy transition.
