Adani Green Energy Limited

Unverified
Sector
Energy and Natural Resources
Website
www.sustainablefitch.com
3 Second Party Opinions

XF Company Profile

Extra-financial information found across 3 documents in the XframeworkID registry

NACE D Electricity, Gas & Steam Supply

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Adani Green Energy Limited, India SPO 2024
Issuer sector/industry classification
Electricity, Gas & Steam Supply
Issuer type
Utility company SPO 2024

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Sustainable Fitch, 2024 SPO 2024
SPO preliminary evaluation or credibility rating
Credible and impactful SPO 2023
SPO assessment scope and methodology
Alignment with four core components of Green Loan Principles 2023 SPO 2023

Green / Sustainable Finance Framework

Framework publication date and update history
February 2024 SPO 2024
Sustainable bond framework name and version
AGEL RG1 Green Finance Framework SPO 2024
Bond types covered under framework
Green bond SPO 2024
Eligible use-of-proceeds categories
Solar-wind hybrid energy generation facilities and related evacuation infrastructure SPO 2024
Project evaluation and selection process description
Evaluation and Selection assessed as Excellent SPO 2024
Management of proceeds approach
Management of Proceeds assessed as Excellent SPO 2024
Reporting commitments under framework
Reporting and Transparency assessed as Excellent SPO 2024
Refinanced vs. newly financed project distinction
Net proceeds used for refinancing of existing projects or assets only SPO 2024

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Excellent alignment with four core pillars SPO 2024
Compliance with Green Loan Principles or Sustainability-Linked Loan Principles
Alignment with Green Loan Principles 2023 SPO 2023
Alignment with EU Taxonomy for sustainable activities
Eligible activities under internationally recognised taxonomies SPO 2024

Issuance Details

Bond instrument type
Green bond SPO 2024

Impact Metrics & Reporting

Renewable energy capacity installed
2,167 MW solar projects SPO 2023
Renewable energy capacity by technology
Solar and wind hybrid energy generation SPO 2024

Changes Over Time

Items where disclosed information changed across documents.

Second Party Opinion (SPO) provider name and assessment date
2023 Sustainalytics, September 26, 2023
2024 Sustainable Fitch, 2024
Sustainable bond framework name and version
2023 AGEL's 2,167 MW Solar Projects Green Loan Framework
2024 AGEL RG1 green finance framework
Bond types covered under framework
2023 Green Loan
2024 Green bond
Eligible use-of-proceeds categories
2023 Renewable Energy
2024 Climate change mitigation projects
SPO preliminary evaluation or credibility rating
2023 Credible and impactful
2024 Excellent - environmentally positive and contributes to climate change mitigation