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Adani Green Secures $250 Million Offshore Loan Amid Focus on Debt Reduction

Adani Green Energy Ltd. (AGEL), a renewable energy arm of the Adani Group, has secured a $250 million offshore loan from a consortium of four international banks — DBS Bank, DZ Bank, Rabobank, and Bank SinoPac. This marks AGEL’s first foreign currency loan since the U.S. Department of Justice’s probe into the conglomerate, signaling renewed global lender confidence.

The five-year loan, carrying an interest rate of about 8.2%, will primarily be used to refinance existing debt. DZ Bank confirmed its participation in the syndication, while the other banks declined to comment. The deal underscores Adani Group’s strategy to deleverage over the next five years, with no plans to issue international bonds until 2027.

Earlier in March, AGEL had refinanced a Rs92.61 billion construction-linked loan with Power Finance Corporation. According to S&P Global Ratings, the Adani Group has secured over $10 billion in new credit facilities during the first half of 2025 across its major subsidiaries, including Adani Ports, Adani Enterprises, and Adani Energy Solutions. S&P added that funding costs for the group remain stable, aided by a $1.1 billion equity infusion from the Adani family into AGEL in July, reinforcing financial stability and investor confidence in the conglomerate’s renewable energy expansion.