Green Bond Fact Sheet

This fact sheet from the Climate Bonds Initiative details a USD 500 million green bond issued by Adani Green Energy UP Limited on June 10, 2019, specifically for the refinancing of solar projects in India.

• Adani Green Energy UP Limited issued a senior secured green bond totaling USD 500 million on June 10, 2019, with a maturity date of December 10, 2024, and a tenor of 5 years.
• The bond proceeds are dedicated exclusively to the refinancing of solar projects, specifically targeting Foreign Currency Loans, Indian Rupee Borrowings, and shareholder loans. The eligible asset pool consists of 25 solar projects (24 operational and one near completion) with a total cumulative capacity of 930 MW.
• The solar projects being refinanced are located across eight Indian states: Punjab, Andhra Pradesh, Uttar Pradesh, Rajasthan, Karnataka, Telangana, Chhattisgarh, and Maharashtra.
• Adani Green Energy has committed to annual public reporting on its website regarding the use of proceeds by location, capacity, and project type. Impact indicators for solar PV assets will include the capacity of renewable energy plants constructed in MW and annual CO2 emission reductions.
• The bond was not certified, and no Green Bond Framework was made publicly available; however, an assurance report was provided by KPMG.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-06%20IN%20Adani%20Green.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-06%20IN%20Adani%20Green.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=10 June 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-06%20IN%20Adani%20Green.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = jun, url = {https://www.climatebonds.net/files/drupal-files/files/2019-06%20IN%20Adani%20Green.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }