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Adani to lean on green bond market for renewables expansion

Indian billionaire aims to transform his fossil fuel-reliant business empire

Gautam Adani says his business is "well on track to be the world's largest renewable power generating company by 2030." (Source photos by Getty Images and courtesy of Adani Green Energy)

MUMBAI -- Gautam Adani is promising to utilize the burgeoning green bond market to fund a push to turn his ports and power generation empire into the world's largest renewable energy group.

Adani Green Energy, the billionaire's renewables business, raised $750 million in green bonds as recently as September, and Adani told Nikkei Asia it will further tap the market to fund its ambitious $20 billion investment plan.

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