Adani Green refinances $1.06b for solar-wind hybrid project in Rajasthan

This has a door-to-door tenor of 19 years.

Adani Green Energy Ltd (AGEL) has secured $1.06b to refinance an existing 2021 debt facility for the development of a solar-wind hybrid renewable cluster in Rajasthan.

“The long-term financing raised to refinance its Construction Facility has door-to-door tenor of 19 years with fully amortised debt structure emulating the underlying asset life,” the company said in a disclosure.

With this development, AGEL said it has completed its capital management programme for the underlying asset portfolio.