The person cited above said on anonymity that the rest would be raised through local bank loans, adding that the company plans to mobilize a total of $400 million to $500 million in fiscal 26.
If Adani Green manages to raise $1.4 billion by selling shares, it would be the largest equity fundraising ever. The company is working on a variety of solar and wind projects across India, aiming to capitalize on the country’s efforts to achieve net zero by 2050.
Adani Green’s stock fell 1.1% ₹Friday on BSE 949, from ₹February 28 774.
“Interest rates are as high as 7-9% in the international bond market, which is why the group prefers to raise funds through fair and vanilla debt from Indian lenders. Even if the term of debt maturity is shorter, interest rates in the domestic market are still better, which can be solved, and this can be solved.” The person said this is stocks that are added to stocks from stocks and from Canada’s globally raised stocks.
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Much of the funds can be used in the Adani Green solar project in Khavda in Gujarat, which aims to become the world’s largest unit renewable energy project of 538 square kilometers. The project currently has 2.4 GW of operational capacity, which will increase it to 30 GW by 2029.
The second person added: “The group has access to international markets and diversified funding sources, with its extended maturity for up to 20 years.”
The inquiry emailed to an Adani Group spokesperson has not been answered yet.
The last major sale of Agel Equity shares was in June 2023, when the promoter entity sold some shares in Adani Green Energy and flagship Adani Enterprises to raise $1 billion to advance debt. In January 2024, Adani Green lifted ₹Through warrants prioritized to Ardor Investment Holding, it was $233.751 billion.
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Adani Green holds a roadshow to attract investors’ interest in fundraising. In a speech to potential investors in February, Adani Green said it was the only strategic location with 250,000 acres of solar and wind plant development, as well as over 5 GW of PSP (Pumped Storage Project) development and was developed by “comprehensive geotechnical research and fully prepared evacuation infrastructure.”
It said that over the past five years, Agel’s operating capacity has increased by 41% CAGR, while the industry has a CAGR of about 13%, and is expected to achieve its stated 50 GW target between 2030 and 2030. The company’s operating rate EBITDA or operating revenue at the end of FY24 is Rs 10,462.
According to ADANI’s speech, India is expected to receive a peak demand of 388 GW of 388 GW from fiscal 250 due to increased demand for data centers, growth in GDP, rising manufacturing demand, deepening electrification, penetration of consumer goods and rapid urbanization. Based on this growing demand, Indian companies are expected to increase from 162 GW at the end of December 2024 to 571 GW in fiscal 32.
Agel told investors at the Road Show that India may see 51% of renewable energy power, with 49% from other sources by 2032. Currently, only 35% of the total installed capacity of renewable energy. Within the renewable energy space, the share of solar PV alone is expected to be 67%, while 29% of wind is expected to come from FY32 wind.
Read also | Adani Group hopes to raise $1.1 billion
Adani Group hopes to capitalize on the country’s growing electricity demand, and for this, the group has been developing large-scale funding plans.
Agel has $3.4 billion in recycled building facilities to fund its long-term growth program.
Adani Green’s solar, wind and hybrid projects are located in Rajasthan and Gujarat, while its pumping storage projects appear in Maharashtra, Andhra Pradesh, Telangana, Telangana, Tamil Nadu and Uttar Pradesh.
During the road show, Adani Green said his capital management plan provides insight into various capital pools, thus obtaining a large amount of money over a long period of time.
Over the past few years, government policies and global climate commitments have driven substantial investment in renewable energy sectors. As a result, companies in the renewable sector are attracting investors’ attention.
On Thursday, Adani Green Energy said the total operating renewable capacity hit 14.22 GW after commissioning the Khavda Power Power Project.
On February 25, 2025, Adani Green Energy received a reward for a 1,799 MW solar project from Solar Energy Corp., which plans to execute under a 25-year power purchase agreement. This could create new long-term revenue streams for Agel.
Since then, the company has completed a series of announcements on various projects.
On March 21, the company said its subsidiary Adani Green Energy 25 commissioned a 250 MW solar project at Badi Sid and Kalyan Ki Sid in Rajasthan.
Over the past year, the group has added 1 GW of renewable capacity.
On March 24, Diamond Power Infrastructure shares attacked the tour after they announced their receipt of a letter of intent (LOI) from Adani Green Energy ₹21.465 million projects. The contract is intended to provide command for the Adani Greens Khavda Power project.
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Adani Green has increased its reliance on equity and domestic credit lines, while the U.S. Court’s Justice Department has sued for bribery programs in November, reducing its reliance on offshore bond issuance. The accusations were “unfounded” and that it would seek “all possible legal recourse.”
Agel’s latest fundraising plan is part of the group’s capital expenditure strategy over the next five years.
Adani Group has planned ₹There are 5 trillion capital expenditures over the next five years. About 85% of this is used in utilities such as green energy, other power generation projects, power generation projects, airports and ports. The remaining 15% is planned for metals, materials and mining.
