Adani Green Energy Ltd, one of India’s leading renewable energy companies, expects to spend ₹ 8,000 crore and ₹10,000 crore in the current financial year, to build between 1,100 MW and 1,500 MW of wind and solar power plants, the company’s CEO, Jayant Parimal, said in a conference call today.
Roughly ₹7,000 crore of this will be financed by debt raised from domestic lenders, he said, hinting that when the projects are completed and have an operating track record, the debt could possibly be refinanced through a green bond issue.
Equity is not a problem, because Adani Green is rich with $510 million it received from TOTAL Solar Singapore Pte for its 50 per cent stake in a joint venture, into which Adani Green has transferred 2,148 MW of solar assets.
