Adani Green Energy Ltd.’s recent green bond sale garnered interest from investors such as Robeco Institutional Asset Management BV and Banque Lombard Odier & Cie SA, signaling confidence in renewable energy endeavors within the Adani group. Despite environmental apprehensions surrounding the conglomerate, the $409 million bond issuance, used to redeem a prior green note, saw strong demand. Adani Green’s focus on renewable energy has positioned it favorably among investors, although watchdogs caution about sustainability targets across the broader Adani group. Recent developments, including a bribery probe and concerns about greenwashing, have affected investor decisions, with some opting out of the deal.