Adani Green Energy Ltd (AGEL) on Monday announced it has refinanced $1.06 billion to develop India&rsquo;s largest solar-wind hybrid renewable cluster in Rajasthan -- achieving another milestone in its capital management journey. India&rsquo;s largest renewable energy company successfully refinanced its maiden construction facility with an outstanding amount of $1.06 billion taken in 2021. 
The long-term financing raised to refinance its construction facility has a door-to-door tenor of 19 years, with a fully amortised debt structure emulating the underlying asset life, the company said in a statement. 
On the back of the strong operational performance track record, the construction facility has been rated AA+/stable by three domestic rating agencies. With this breakthrough, AGEL has successfully completed its capital management programme for the underlying asset portfolio, which involves securing long-term facilities that are perfectly aligned with the cash flow lifecycle of that portfolio.&nbsp;
The framework of this programme provides significant benefits through deep access to diverse pools of capital, securing large sums with long duration.&nbsp;
&ldquo;This approach not only enhances financial stability but also ensures AGEL&rsquo;s ability to continue its growth trajectory and deliver sustainable value creation to its stakeholders,&rdquo; said the company.
 AGEL currently has an operating renewable portfolio of 12.2 GW, the largest in the country, spread across 12 states. 
The company has set a target of achieving 50 GW by 2030, aligned to India&rsquo;s decarbonisation goals. 
Last week, the company surpassed a record 12,000 megawatts (MW) operational portfolio with the commissioning of an additional 275 MW solar capacity at the world&rsquo;s largest renewable energy plant at Khavda in Gujarat. 
AGEL is the first renewable energy company in India to reach this landmark.&nbsp;
The 12,258.1 MW portfolio consists of 8,347.5 MW solar, 1,651 MW wind and 2,259.6 MW wind-solar hybrid capacity. It has operationalised a cumulative capacity of 2,824.1 MW renewable energy at Khavda in Gujarat so far.&nbsp;
&mdash;IANS

Adani Green secures long-term funds for mega solar-wind project

Adani Green Refinances $1.06B for Rajasthan Project

Adani Green secures long-term funds for mega solar-wind project

March 3, 2025 | 12:00 IST