Power Finance Corporation Share Price in Focus; Refinances $1 Billion Loan for Adani Green

Adani Green Energy Limited (AGEL) has successfully refinanced a $1.06 billion construction-linked loan for its solar-wind hybrid renewable cluster in Rajasthan. The refinancing, provided by Power Finance Corporation (PFC).

At 9:50 AM, Power Finance Corporation’s share price showed a decline of 0.97%, trading at ₹376.00, down ₹3.70 from its previous close of ₹379.70. Meanwhile, Adani Green Energy’s share price declined by 2.75%, trading at ₹782.00

Key Details of the Refinancing

The 19-year fixed-rate loan from PFC replaces AGEL’s initial $1.06 billion construction facility, which was secured in 2021.

The fully amortised debt structure, aligned with the lifecycle of the project, ensures long-term financial stability for AGEL’s hybrid renewable cluster.

AGEL’s Expanding Renewable Portfolio

AGEL, India’s leading renewable energy player, currently boasts an operational portfolio of 12.2 GW, spread across 12 states.

The company has set a 50 GW target by 2030, reinforcing its leadership in the sector. Notably, AGEL recently surpassed 12,000 MW of operational capacity, making it the first renewable energy firm in India to reach this milestone.

AGEL’s 12,258.1 MW portfolio comprises:

• 8,347.5 MW of solar power
• 1,651 MW of wind power
• 2,259.6 MW of hybrid wind-solar capacity

Strategic Importance of the Refinancing

This refinancing deal not only strengthens AGEL’s financial position but also highlights India’s growing focus on renewable energy investments. The solar-wind hybrid cluster in Rajasthan is a pivotal project, contributing to India’s broader clean energy goals.

By securing long-term funding, AGEL ensures the stability and expansion of its renewable infrastructure.

Conclusion

Adani Green Energy’s $1.06 billion refinancing deal underscores its commitment to scaling up renewable energy projects in India. Despite external financial challenges, AGEL continues to push forward with ambitious targets, further solidifying its position as a key player in the global clean energy transition.

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