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Green Evaluation: Adani Green Energy Ltd. Restricted Group 2 Proposed US$362.5 Million Green Bonds

On Oct. 3, 2019, Adani Renewable Energy (RJ) Ltd. (ARERJL), Kodangal Solar Parks Private Ltd. (KSPPL), and Wardha Solar (Maharashtra) Pte. Ltd. (WSMPL) (collectively Adani Green Energy Ltd. Restricted Group 2, or the issuers) are seeking to issue US$362.5 million in green bonds to finance and refinance solar photovoltaic (PV) power plants and related transmission infrastructure in India.

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