Avaada Group Founder Seeks $750 Million Loan for Refinancing and Clean Energy Expansion

Bloomberg News

1d ago· 27 min readenNews

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Summary

The founder of Avaada Group, one of India's largest clean-energy companies, is seeking a $750 million loan from global lenders to refinance existing debt and fund expansion of its renewable energy projects. The company, backed by Brookfield Asset Management, is looking to capitalize on India's growing clean energy push as the country aims to significantly increase its renewable capacity. The loan would help Avaada refinance its current obligations and support new solar and green hydrogen projects.

Source

bskyAvaada Group Founder Seeks $750 Million Loan for Refinancing and Clean Energy Expansionfinancialpost.com

Key quotes

· 3 pulled

The founder of Avaada Group, one of India's largest clean-energy company, is planning to borrow about $750 million from a group of global lenders to refinance the f…

Avaada is backed by Brookfield Asset Management, one of the world's largest alternative asset managers.

India is aggressively pushing to expand its renewable energy capacity as part of its climate commitments.

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The founder of Avaada Group, one of India’s largest clean-energy company, is planning to borrow about $750 million from a group of global lenders to refinance the f…

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