Corporate News     05-Dec-23
Adani Green Energy extends its construction financing framework to USD 3 bn
To boost renewable projects and support India's clean energy transition
Adani Green Energy (AGEL) announced follow-on funding of USD 1.36 billion (Bn) to further boost its Construction Financing Framework to USD 3 Bn backed by a consortium of renowned international banks.

The green loan facility will play a pivotal role in enabling the development of AGEL's next milestone- the world's largest Renewable Energy Park at Khavda in Gujarat. The funding also marks a significant achievement to develop 2,167 MW at Khavda in the initial stage and shall be the stepping-stone for the future development of the Khavda renewable site. The world's largest RE park at Khavda will not only enable AGEL's vision of 45 GW operating renewable capacity by 2030 but will also play a critical role in India's net zero journey.

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