Adani Green eyes $2 bn for its largest RE project

Adani Green Energy Ltd plans to sell shares to global investors to raise about $1.4 billion in the first quarter of FY26, two people familiar with the matter said, as part of a $2 billion fundraising to power its solar and wind energy projects in India.

- Anirudh Laskar

MUMBAI: The rest will be raised through local bank loans, the people cited above said on the condition of anonymity, adding the company plans to mobilise a total of $4-5 billion across FY26.

If Adani Green manages to raise $1.4 billion by selling shares, it would be its largest equity capital raise ever. The company is working on various solar and wind energy projects across India, aiming to capitalize on the country's efforts to achieve net zero status by 2050.

Shares of Adani Green closed 1.1% down at ₹949 on the BSE on Friday, having risen from ₹774 on 28 February.