Adani Green Energy Limited (AGEL) has announced additional funding of USD1.36 billion to expand its construction financing framework to a total of USD3 billion.
The funding, supported by a consortium of leading international banks, is crucial for advancing AGEL’s ambitious renewable energy park in Khavda, Gujarat. This financial injection will facilitate the development of 2,167 MW in the initial phase at Khavda. The agreements have been formalised with eight prominent international banks, all of which have played key roles in establishing AGEL’s Construction Financing Framework since March 2021. The consortium includes BNP Paribas, Coöperatieve Rabobank U.A., DBS Bank Ltd, Intesa Sanpaolo S.p.A., MUFG Bank Ltd., Societe Generale, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.