Adani Green Energy Secures $1.06B Refinancing for Rajasthan Hybrid Project

Adani Green Energy Limited (AGEL) has reached a significant milestone in its capital management journey by successfully refinancing its maiden construction facility. The facility, originally taken in 2021 for $1.06 billion, was utilised to develop India’s largest solar-wind hybrid renewable energy cluster in Rajasthan.

Long-Term Refinancing for Financial Stability

AGEL has secured long-term financing with a door-to-door tenor of 19 years, featuring a fully amortised debt structure that aligns with the asset’s lifecycle. This refinancing marks the completion of the company’s capital management program for the underlying asset portfolio. By securing long-duration facilities that match the cash flow lifecycle, AGEL ensures financial sustainability and operational efficiency.

The successful refinancing effort provides AGEL with deep access to diverse pools of capital while securing large-scale funding for extended durations. This approach strengthens financial stability and allows AGEL to continue its growth trajectory in the renewable energy sector. By aligning capital management with long-term asset performance, the company enhances its ability to create sustainable value for stakeholders.

Strong Credit Ratings Affirm Stability

The refinancing facility has been assigned an AA+/Stable rating by three leading domestic credit rating agencies, ICRA, India Ratings, and CareEdge Ratings. This strong rating underscores AGEL’s financial health and its ability to maintain a stable and sustainable debt structure.

Conclusion

With this refinancing, AGEL reinforces its leadership in the renewable energy sector while ensuring long-term financial security.

On March 3, 2025, Adani Green share price opened at ₹775.00, up from its previous close of ₹774.40. At 11:51 AM, the share price of Adani Green was trading at ₹783.50, up by 1.18% on the NSE.

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