Adani Green Energy Secures $400 Million for Solar Projects in India
| Aspect | Details |
|---|---|
| Company | Adani Green Energy Ltd (AGEL) |
| Finance Package | $400 million |
| Purpose | Funding ongoing solar projects in Gujarat and Rajasthan |
| Total Capacity | 750 MW |
| Project Locations | Rajasthan (500 MW) and Khavda, Gujarat (250 MW) |
| PPA | Rajasthan project has a long-term PPA with SECI |
| Project Type | Rajasthan: PPA-based; Gujarat: Standalone merchant power project |
| RE Cluster | Gujarat project is part of the world's largest renewable energy (RE) cluster |
| Consortium of Lenders | Cooperative Rabobank U.A., DBS Bank Ltd, Intesa Sanpaolo S.p.A., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation |
| Operational Portfolio | Total: 10,934 MW (Solar: 7,393 MW, Wind: 1,401 MW, Wind-Solar Hybrid: 2,140 MW) |
| Commencement | Projects to start operations from November 2024 |