NEW DELHI: A dozen global banks are to bankroll Adani Green Energy Ltd\u2019s under-construction renewable power projects with a $1.35 billion revolving credit line, the company said on Friday.
\nThe finance facility would initially fund a 1.69 GW (gigawatt) hybrid portfolio of solar and wind power projects through four SPVs (special purpose vehicles) in Rajasthan.
\nThe company claimed this as the first \u2018certified green hybrid\u2019 project loan in India. The liquidity will boost the company\u2019s efforts to raise its capacity to 25 GW from a little over 3 GW at present over the next four years.
\nBut the company still faces the challenge of finding buyers for an 8 GW manufacturing-linked renewable project it won last year with tariffs higher than current market trends. The project is to be set up in four phases of 2 GW each.
\nThe dozen lenders include Standard Chartered Plc, Sumitomo Mitsui Banking Corp and Barclays.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: A dozen global banks are to bankroll Adani Green Energy Ltd\u2019s under-construction renewable power projects with a $1.35 billion revolving credit line, the company said on Friday. The finance facility would initially fund a 1.69 GW (gigawatt) hybrid portfolio of solar and wind power projects through four SPVs (special purpose vehicles) in Rajasthan. The company claimed this as the first \u2018certified green hybrid\u2019 project loan in India. The liquidity will boost the company\u2019s efforts to raise its capacity to 25 GW from a little over 3 GW at present over the next four years. But the company still […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-405792","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=405792"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405792\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}