Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, announced on March 4, 2025, that it has successfully refinanced its $1.06 billion construction facility. The funds were originally secured in 2021 to develop the country’s largest solar-wind hybrid renewable cluster in Rajasthan. The refinancing has a 19-year tenure with a fully amortized debt structure, aligning with the asset lifecycle. This move enhances AGEL’s financial stability and strengthens its position in India’s clean energy transition.
Adani Green Energy Ltd (AGEL), India’s largest renewable energy company, has successfully refinanced its $1.06 billion construction facility. The funds, originally secured in 2021, were used to develop the country’s largest solar-wind hybrid renewable cluster in Rajasthan. The refinancing, with a 19-year fully amortized debt structure, aligns with the asset lifecycle, ensuring financial sustainability for AGEL’s long-term growth.
Adani Green Energy Ltd (AGEL) is a leading renewable energy company that develops, owns, and operates large-scale solar, wind, hybrid, and hydro-pumped storage power plants. With an operational portfolio of 12.2 GW across 12 Indian states, AGEL is at the forefront of India’s clean energy transition. The company aims to reach 50 GW by 2030, supporting the country’s decarbonization goals.
AGEL emphasized that this refinancing program is a significant milestone in its capital management strategy. By securing long-term financing, the company ensures stable cash flows and continued expansion in the renewable sector. The company also noted that its strong operational performance helped secure an AA/Stable rating from three domestic credit agencies—ICRA, India Ratings, and CareEdge Ratings.
The refinancing is expected to provide AGEL with deep access to diverse capital pools, supporting large-scale investments in India’s renewable energy infrastructure. The strategic financial move further strengthens AGEL’s ability to sustain growth and deliver clean energy solutions.
By leveraging advanced technology, AGEL continues to focus on reducing the Levelized Cost of Energy (LCOE), making clean energy more affordable for large-scale adoption. With this financial milestone, Adani Green Energy reaffirms its commitment to India’s clean energy transition and economic growth.
