Adani Green Energy Limited (AGEL) has refinanced its maiden construction facility of USD1.06 billion which was secured in 2021 to develop India’s largest solar-wind hybrid renewable cluster in Rajasthan.
The long-term financing, structured with a door-to-door tenor of 19 years, follows a fully amortised debt model aligned with the asset’s lifecycle. This refinancing marks the completion of AGEL’s capital management program for the portfolio, ensuring long-term financial stability by securing facilities that match the cash flow lifecycle of its assets. The refinancing facility has been rated AA+/Stable by three domestic rating agencies—ICRA, India Ratings, and CareEdge Ratings.