Adani Green Energy plans to raise $2 billion through debt next year
Billionaire Gautam Adani’s renewable energy unit is planning to raise at least $2 billion in mostly new debt next year, people familiar with the matter said, as it capitalizes on renewed confidence among creditors in its ambitious expansion plans.
Ahmedabad-based Adani Green Energy Ltd. is exploring various instruments including private placement of debt, offshore bank loans as well as dollar and rupee bonds, the people said, asking not to be identified as the talks are private. The firm is in discussions with global financial institutions for the fundraising that is likely to start in early 2024, they added.
