Adani Green raises $288-mn for its under-construction RE portfolio

12 Apr 2022 CW Team

Adani Green Energy Limited (AGEL) told the media that it has raised a $288 million facility for its under-construction renewable asset portfolio through definitive agreements signed with a group of leading international lenders, bringing its total construction financing framework to $1.64 billion.

The facility will initially finance AGEL's 450 megawatts (MW) hybrid portfolio of solar and wind renewable projects in Rajasthan, according to an official press release.

The company closed a $1.35 billion construction revolver facility in March 2021.

Seven international banks — BNP Paribas, Coéperatieve Rabobank, Intesa Sanpaolo, MUFG Bank, Societe Generale, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation — committed for the facility, which is a certified green hybrid project loan, according to the press release.

The company's strategy to accelerate the development of its under-construction asset portfolio in tandem with the energy transition will be strengthened by the expanded pool of liquidity, according to the statement.

Standard Chartered Bank served as Mandated Lead Arranger, Bookrunner (MLAB), Documentation Bank, and E and S Co-Ordinator bank, according to the company. MLABs MUFG Bank and Sumitomo Mitsui Banking Corporation acted as Co-Technical Advisors and Co-Green Loan Advisors, respectively. Furthermore, the Facility's MLABs were BNP Paribas, Codperatieve Rabobank, Intesa Sanpaolo, and Societe Generale.

The borrower's counsel included Latham & Watkins LLP and Saraf & Partners, among others. Linklaters and Cyril Amarchand Mangaldas represented the lenders.

Image Source

Also read: Adani Group signs deal for two power projects in Sri Lanka

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..