Adani Green Energy Limited (AGEL) has secured USD400 million financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks.

• It will provide financing for projects that are expected to come online from November 2024 onwards.
• One of the projects is being developed in Rajasthan with 500 MW capacity and has a long-term power purchase agreement with the Solar Energy Corporation of India Limited.
• The second one, with 250 MW capacity, is a standalone merchant power project being implemented at the world’s largest renewable energy cluster at Khavda in Gujarat.