Adani Green Energy Limited (AGEL) announced to provide funding of $1.36 billion to boost its construction financing framework to $ 3 billion backed by a consortium of renowned international banks.
The green loan facility will help enable the development of AGEL, the world’s largest renewable energy park, at Khavda in Gujarat.
The company, in a press release, stated, “The funding will help to develop 2,167 MW at Khavda in the initial stage and shall be the stepping-stone for the future development of the Khavda renewable site. The world’s largest renewable energy park at Khavda will not only enable AGEL’s vision of 45 GW operating renewable capacity by 2030 but will also play a critical role in India’s net zero journey.”
