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Adani Green raises $1.4 billion loan for largest renewables park
Adani Green Energy Ltd raised $1.36 billion from a consortium of international banks, including BNP Paribas and Standard Chartered, for a renewable energy project in India. The funding brings the total financing for the project to $3 billion. Shares of the company surged 14.4% following the announcement. This funding adds to the evidence of Adani Group's recovery from attack of US-based short-seller Hindenburg Research earlier this year. The renewable energy project aims to have a capacity of 17 gigawatts and supports India's goal of being net carbon zero by 2070.
Adani Green Energy Ltd raised $1.36 billion from a consortium of international banks, including BNP Paribas and Standard Chartered, for a renewable energy project in India. The funding brings the total financing for the project to $3 billion. Shares of the company surged 14.4% following the announcement. This funding adds to the evidence of Adani Group's recovery from attack of US-based short-seller Hindenburg Research earlier this year. The renewable energy project aims to have a capacity of 17 gigawatts and supports India's goal of being net carbon zero by 2070. 
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