Adani Green Energy Ltd is planning to raise up to $1 billion through an offshore loan, marking its first major overseas borrowing after resolving recent legal challenges in the United States, according to people familiar with the matter.
The renewable energy company is reportedly in early-stage discussions with lenders and financial advisors to structure a dollar-denominated loan that may be raised in two tranches over the next three months. The proposed five-year facility is expected to be priced over the benchmark Secured Overnight Financing Rate (SOFR), though final terms are yet to be determined and may change depending on market conditions.
Sources indicated that the funds will be used for multiple corporate purposes, including capital expenditure to support the company’s ongoing renewable energy expansion plans. The discussions are still preliminary.
The fundraising effort comes after a recent settlement involving Adani Group founder Gautam Adani and his nephew Sagar Adani, who agreed to pay $18 million to resolve allegations raised by the US Securities and Exchange Commission related to disclosures by Adani Green Energy. The settlement has helped ease regulatory concerns that had weighed on the group’s overseas financing activities.
The development is also expected to revive offshore lending activity for Indian borrowers, which has slowed in recent months. According to market data, overseas loans raised by local companies have reached $9.6 billion so far in 2026, marking the slowest pace in four years.
