Adani Green Energy has succeeded in obtaining funding of $ 1.36 billion from international banks. The company said in a statement on Tuesday that this funding will be used to build the world’s largest renewable energy park in Khavda, Gujarat.
The company said that this funding of $1.36 billion is part of the target of raising total funding of $3 billion.
The banks that have approved funding to Adani Green include BNP Paribas, Co-operative Rabobank UA, DBS Bank, Intesa Sanpaolo SpA, MUFG Bank, Societe Generale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation.
Where will the funds be used
The fund will be used for the construction of a 2,167 MW facility in Khavda. This will be the initial stage of the renewable energy park and will lay the foundation for the future development of the project.
Anupam Mishra, Head of Group Corporate Finance (Adani Portfolio) said on this occasion, ‘This is a historic opportunity for us with UNCCC. In this way we are accelerating the development of a sustainable future.
He said, ‘We are very proud to have put forward the framework for our portfolio companies, here we have been successful in creating sustainable financing solutions for Adani Green, Adani Energy Solutions, to help in the completion of important infra projects. .’
Big role in the journey of net zero
The company has said in its statement that Khavda’s world’s largest green energy park will play a big role in India’s net zero journey along with helping Adani Green Energy achieve 45 GW of operating renewable capacity by 2023.
