Adani Green Energy Ltd (AGEL), India’s leading renewable energy company, has achieved another significant milestone in its capital management journey. Demonstrating financial resilience and strategic foresight, AGEL has successfully refinanced its maiden Construction Facility, securing long-term financing of USD 1.06 billion. This facility, originally taken in 2021, was instrumental in developing India’s largest solar-wind hybrid renewable cluster in Rajasthan.
The new refinancing arrangement spans a door-to-door tenor of 19 years, featuring a fully amortized debt structure that mirrors the lifespan of the underlying assets. This structured approach enhances AGEL’s financial stability, aligning its capital management strategy with long-term growth and sustainability.
By completing this refinancing initiative, AGEL has effectively optimized its capital management framework, ensuring access to diverse and deep pools of capital. This move not only strengthens its balance sheet but also fortifies its ability to pursue further expansion in the renewable energy sector. The long-duration financing ensures steady cash flow alignment with asset performance, providing a solid foundation for sustained value creation.
Adding to its credibility, the refinancing facility has been awarded a prestigious AA+/Stable rating from three domestic credit rating agencies—ICRA, India Ratings, and CareEdge Ratings. This strong rating underscores AGEL’s commitment to financial prudence and its leadership in India’s clean energy transition.
