Adani Green Energy Ltd, which is planning to raise $1.5 billion, may secure a big chunk of it from French energy giant TotalEnergies SE, two people aware of the matter said. The Gautam Adani-led group’s renewables firm will use $750 million of this amount to repay bonds.
“Adani Green has got an approval to raise $1.5 billion this fiscal for capex and debt repayment. Of this, a major amount will come from TotalEnergies, which owns 20% in Adani Green," said the first person.
TotalEnergies on Wednesday invested $300 million to create an equal joint venture, named Adani Green Energy Twenty Three Ltd.
“Of the remaining $1.2 billion too, a major investment will come from Total. Of the total amount, around $750 million will be used to repay the 4.375% coupon dollar bonds maturing in September 2024. Rest of the amount will be used to ramp up renewable capacities. TotalEnergies has invested $2.8 billion in Adani Green, which is the largest investment in a single group in the renewables space in India by Total," said the first person.
Bu hikaye Mint Mumbai dergisinin September 21, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin September 21, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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