Adani Green Energy May Raise $200 Million For Renewable Energy Projects


Adani Group’s renewable energy arm, Adani Green Energy Ltd may be planning to raise external equity capital worth $200 million (about Rs 1,300 crore) for the purpose of building a pipeline of projects worth over 2 gigawatts.

Adani Group has already invested their own money of approximately $300 million (Rs 1,800 to Rs 1,900 crore) in the renewable energy business. For further capital requirement, the Group has been discussing with various investment banks over the last couple of months, mentioned a national news portal.

The Group may also consider the option of tapping sovereign funds and pension funds, which have been looking for investment opportunities in India, mentioned a national news portal.

Projects such as a 648 MW single location solar park in Tamil Nadu and a 100MW project in Punjab with Single Axis Tracking technology have been reportedly developed by the Adani Green Energy.

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