Adani Green Energy Limited plans to raise up to $12 billion by selling green bonds over the next four to five years. The company expects to raise $2 billion-$3 billion annually from the sale of these green bonds. The sale of green bonds is likely to start in May 2021 and the proceeds will be used towards the production of non-conventional energy. Although the Climate Bonds Initiative did not certify Adani Green Energy’s proposed offshore green bond sale in May 2019, it is likely to approve future issuances. This is expected to be India’s largest sale of green bonds.