Adani closes oversubscribed bond offer as it puts 25GW renewables target in its crosshairs

Facebook
Twitter
LinkedIn
Reddit
Email
A subsidiary of Adani Green Energy was contracted to build a 600MW wind-solar hybrid system in India at the start of 2021. Image: Adani

India-based renewables developer Adani Green Energy has raised US$750 million through a green bond offer, securing the debt and equity needed to reach a 25GW renewables target.

The bond offer, which was 4.7x oversubscribed, allows Adani to draw up to US$1.7 billion – including the present issue – complementing a US$1.35 billion revolving construction framework agreement for senior debt funding.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Dani said the offer meant it had completed the final phase of its capital management plan, meaning it has established a fully-funded programme of both debt and equity for the renewables giant to meet its aim of developing 25GW of renewables projects by 2025.

Adani has priced the three-year issuance at a fix coupon of 4.375%.

Vneet S Jaain, managing director and CEO at Adani Green Energy, said the extent to which the bond offer was oversubscribed was testimony of the confidence investors have in Adani’s renewables platform.

“This ListCo Senior Green Bond issuance is yet another landmark transaction for AGEL and fully funds our pipeline of projects and reinforces our commitment towards being a sustainability focused global infrastructure platform. We expect to further accelerate our footprint and are firmly on track to become the world’s largest renewable energy company by 2030,” he added.

The financing deal comes four months after Adani agreed to acquire SoftBank-backed developer SB Energy, and with it the company’s 5GW-strong portfolio of wind and solar assets in India.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 5, 2025
Newly formed firm Solaris Assets has acquired the business operations and assets of Texas-based residential solar installer Sunnova.
September 4, 2025
India’s Goods and Services Tax (GST) Council, the joint forum of the Centre and States, has reduced the GST rate on renewable energy components from 12% to 5%. 
September 4, 2025
Indian solar manufacturer Waaree Energies has acquired a 64% equity stake in power transformer manufacturing company Kotsons.
September 4, 2025
ARENA has launched the second funding round of its AU$1 billion Solar Sunshot programme, making AU$150 million available.
September 3, 2025
US residential solar prices have remained at historic lows in the first half of the year despite market uncertainty and continued high interest rates.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines