Adani Green raises $1.06 billion to refinance renewable facility in Rajasthan

Renewable power company Adani Green Energy (AGEL) has raised $1.06 billion to refinance a construction facility related to a solar-wind hybrid renewable cluster in Rajasthan, a company filing said on March 3.

"The long term financing raised to refinance its construction facility has door-to-door tenor of 19 years with fully amortized debt structure emulating the underlying asset life," Adani Green said.

AGEL currently has an operating renewable portfolio of 12.2 GW, the largest in India, spread across 12 states. The company has set a target of achieving 50 GW by 2030.

Shares of Adani Green are lower by over a percent in early trade on March 3.