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 […]
Adani Green concludes PPA tie-up for entire 8,000 MW manufacturing-linked SECI tender – EQ
Final PPA to supply 1,799 MW solar power inked for a period of 25 years Ahmedabad : Adani Green Energy Ltd (AGEL), India’s largest and among the world’s leading renewable energy players, has announced the execution of power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar […]
Adani Green accomplishes its construction financing framework at $3bn – EQ
In Short : Adani Green has successfully secured its construction financing framework at $3 billion. This significant achievement suggests that Adani Green has secured financial arrangements, likely through loans, investments, or a combination of financial instruments, to support the construction of its renewable energy projects or related initiatives, contributing to the company’s goals in the […]
Adani Green adopts robotics for solar operations, water conservation – EQ
In Short : By integrating robotics into their solar operations, Adani Green is demonstrating their commitment to improving efficiency and cost-effectiveness. Robotics can streamline various processes, such as cleaning solar panels and maintaining equipment, leading to increased productivity and optimized energy generation. In Detail : Deploying robotics technology for the entire 7,043 MW operational capacity […]
Adani Green crosses 8.4 GW mark, becomes India’s largest RE company – EQ
In Short : Adani Green Energy Limited (AGEL) has achieved a significant milestone by surpassing the 8.4 GW mark in its renewable energy portfolio. With this achievement, AGEL has become India’s largest renewable energy company. The company’s substantial renewable energy capacity includes solar and wind projects, reinforcing its position as a leader in the clean […]