Adani Green Energy planning to raise upto USD 12 bn via green bond sales: Report

Adani Green  is reportedly planning sale   over the next four to five years to raise up to $12 billion. It will be used to fund ’s plan to make it the world’s biggest renewable player.

Green Buildings

According to ET this will be the country’s largest sale of and it is expected to catalyse the country’s lacklustre market in sync with the government’s focus on and wind .

Last year, the sale of global and loans rose 50 per cent to an estimated $255 billion, making it an attractive option for and wind energy companies.

Adani group CFO Jugeshinder Singh speaking to ET said “AGEL, with current issued bonds, planned issuance of under-development assets and committed pipeline of assets, will end up with close to $10 to 12 billion of green bonds over the next four to five years,”he added “This is consistent with our public commitment of 25,000 MW capacity by 2025.”

The   sale likely to take place from May next year, with the company raising $2-3 billion annually. The proceeds are mandated to be used to produce non-conventional energy.