Adani Green eyes $1B overseas loan as US legal issues ease

Adani Green Energy Ltd is looking to raise approximately US$1 billion via an offshore syndicated loan, according to people involved, as it re-emerges onto international funding markets after reaching a settlement in the US recently.

The proposed borrowing is expected to be carried out via a group of offshore lenders, and would be among the largest offshore loan being negotiated by an Indian renewable power developer. Terms are not yet fixed and details are still being finalised, the people added.

Foreign lenders are back at the table The timing could not be more significant from an international perspective, as the US settlement eliminated a key hurdle to the Adani Group’s overseas borrowing that brought talks to a grinding halt when the investigation was live.

This move comes on the heels of the group's wider attempts to tap international debt markets including earlier explorations of US dollar bond issuance. Growth fuels larger fundraising needs Adani Green delivered robust growth in operations in FY26 with added renewable energy capacity of 5.1 gigawatt (GW) and taking total operational capacity to 19.3 GW.

Energy sales of 37.6 billion units increased by 34%, revenue from power supply jumped 22% to 11,602 crore, and EBITDA climbed 23% to 10,865 crore. The majority of new capacity was added at its Khavda, Gujarat sites which is developing into a massive renewable energy hub and the company has declared its intent to achieve 50 GW of renewable capacity by 2030.

Australian and American readers in business would realize from this deal, the amount of capital required as India races ahead with its energy transition, and looking to add 500 GW of non-fossil fueled power capacity by 2030 that would require significant debt funding from banks, funds and institutional investors in international markets.

The country is projected by IEA to continue being a growth leader this decade along with other major markets like US, China and parts of Europe. An Adani Green offshore loan would contribute to its fundraising needs.

Source: Bloomberg

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