Gautam Adani news: In a major break through for Gautam Adanis Adani Green Energy the company announced that it has refinanced its maiden construction facility having outstanding debt of USD 1.06 billion with long-term financing. The long-term financing raised to refinance its construction facility has door-to-door tenor of 19 years with a fully amortized debt structure emulating the underlying asset life a company statement said. Here are all the details you need to know. Adani Green Energy Ltd (AGEL) has successfully refinanced its maiden construction facility with an outstanding of USD 1.06 billion taken in 2021 to develop India’s largest solar-wind hybrid renewable cluster in Rajasthan according to the statement. Major breakthrough for Adani Green Energy With this breakthrough AGEL has completed its capital management program for the underlying asset portfolio which involves securing long-term facilities that are perfectly aligned with the cash flow lifecycle of that portfolio as per a report by news agency PTI. The framework of this program provides significant benefits through deep access to diverse pools of capital securing large sums with long duration. This approach not only enhances financial stability but also ensures AGEL’s ability to continue its growth trajectory and deliver sustainable value creation to its stakeholders. The refinancing facility has received a rating of AA+/Stable from three domestic rating agencies—ICRA India Ratings and CareEdge Ratings it stated. AGEL develops owns and operates utility scale grid-connected solar wind hybrid and hydro pumped storage renewable power plants. AGEL currently has an operating renewable portfolio of 12.2 GW the largest in India spread across 12 states. The company has set a target of achieving 50 GW by 2030 aligned to India’s decarbonisation goals. (With inputs from agencies)