The first project of 500 MW capacity is being developed in Rajasthan, while the second project is being executed at Khavda in Gujarat.
1.Project Scope: Adani Green Energy Ltd. is developing solar projects in Rajasthan and Gujarat, totaling 750 megawatts (MW).
2.Financing Structure: The company has secured $400 million in financing from a consortium of international banks.
3.Purpose: The funds will be used for the construction and operation of the solar projects.
4.Lenders: The consortium of lenders comprises Cooperative Rabobank UA, DBS Bank Ltd., Intesa Sanpaolo S.p.A., MUFG Bank Ltd., and Sumitomo Mitsui Banking Corp.
5.Project Characteristics: One project with 500 MW capacity in Rajasthan has a long-term power purchase agreement (PPA) with Solar Energy Corp. of India Ltd. The second project, with 250 MW capacity, is a standalone merchant power project in Gujarat.
6.Company Portfolio: Adani Green Energy Ltd. currently operates a portfolio of 10,934 MW, making it the largest renewable energy portfolio in India.
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