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Adani Green Energy Secures $1.36 Billion Boost For Renewable Expansion

By Outlook Planet Desk December 06, 2023

The additional fund is expected to propel Adani’s renewable power capacity and advance India's 2030 goal of 450 GW in renewable energy

Adani Green Energy Secures $1.36 Billion Boost For Renewable Expansion
The initial project financing, which was secured in March 2021 for the establishment of solar and wind energy projects, laid the foundation for this large initiative. Shutterstock
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Adani Green Energy, a prominent Indian renewable energy company, has announced that it has secured additional funding of $1.36 billion through a green loan from an international consortium of banks.

This significant financial boost will help the company to increase its renewable power capacity. According to a detailed stock exchange filing, this development brings Adani Green's total funds in its construction asset portfolio to an impressive $3 billion.

The initial project financing, which was secured in March 2021 for the establishment of solar and wind energy projects, laid the foundation for this large initiative. With a strong commitment to expanding its renewable energy capacity, the company is actively contributing to India's ambitious goal of achieving 450 GW of renewable energy by 2030.

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