India's Adani Green in Talks to Borrow $18 bln - Bloomberg News
Feb 22,2024 | DAXTROMNSOLAR
Indian renewable energy company, Adani Green, is reportedly in discussions to secure $18 billion in borrowing, according to a Bloomberg News report. The company aims to fund its 25 gigawatt (GW) solar capacity target by 2025. This borrowing is expected to aid in the development and expansion of renewable energy projects across the country. Adani Green's objective is to increase its existing solar capacity from 3 GW to 25 GW within the next four years. The funding will be crucial in achieving this goal as India continues to push for greater renewable energy adoption.
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