Adani Green Energy: Compliance Certificate for RG-I Entities for Period Ended Sept 30, 2025

Adani Green Energy Limited (AGEL) has submitted a compliance certificate for its RG-I entities, including Parampujya Solar Energy Limited, Prayatna Developers Limited, and Adani Green Energy (UP) Limi...

Adani Green Energy Limited (AGEL) has submitted a compliance certificate for its RG-I entities, including Parampujya Solar Energy Limited, Prayatna Developers Limited, and Adani Green Energy (UP) Limited. These entities collectively manage solar projects totaling 930 MW and the certificate pertains to the period ending September 30, 2025, in compliance with the Note Trust Deed dated March 12, 2024. The RG-I portfolio has achieved strong credit ratings, with Fitch rating it BBB- (Stable) and Moody's Ba1 (Stable), an upgrade from its previous negative outlook. Indian Ratings upgraded AGEL's rating to AA/Stable, and CRISIL assigned AAA (Stable), noting consistent generation performance better than P90 expectations and a strong debt structure. AGEL's overall operational renewable portfolio stands at 16.7 GW, with a target of 50 GW by 2030. The company is developing the world's largest renewable energy plant at Khavda, Gujarat (30 GW by 2029), having already operationalized 7.1 GW. In H1 FY26, operational capacity increased by 49% year-on-year to 16,680 MW, with a significant addition of 5,496 MW greenfield capacity. Energy sales rose by 39% to 19,569 million units in H1 FY26. The company also highlighted its ESG initiatives, including preventing 14.23 million tons of CO2e emissions in H1 FY26, deploying waterless robotic cleaning over 9.6 GW of solar capacity, achieving water positivity for its entire operational portfolio, and advancing towards its EV and 'No Net Loss' of Biodiversity commitments. AGEL also received top ESG ratings globally from ISS ESG, FTSE Russell, and Sustainalytics. Regarding tariff disputes, the Appellate Tribunal for Electricity (APTEL) had ordered a tariff of Rs. 7.02/kWh for UPPCL, but the Supreme Court directed UPPCL to pay at Rs. 5.07/kWh for ongoing bills while the matter is pending adjudication. AGEL is billing at Rs. 7.02/kWh and maintaining the differential as receivable.

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Why is Adani Green Energy Limited in the news today?

Adani Green Energy Limited (ADANIGREEN) is in the news due to the announcement is a routine compliance filing and does not contain significant positive or negative financial news. while credit ratings are mentioned, they are updates from previous periods or related to specific entities within a larger group.

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Adani Green Energy: Compliance Certificate for RG-I Entities for Period Ended Sept 30, 2025

December 25, 2025, 10:27 AM

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Adani Green Energy Limited (AGEL) has submitted a compliance certificate for its RG-I entities, including Parampujya Solar Energy Limited, Prayatna Developers Limited, and Adani Green Energy (UP) Limited. These entities collectively manage solar projects totaling 930 MW and the certificate pertains to the period ending September 30, 2025, in compliance with the Note Trust Deed dated March 12, 2024.

The RG-I portfolio has achieved strong credit ratings, with Fitch rating it BBB- (Stable) and Moody's Ba1 (Stable), an upgrade from its previous negative outlook. Indian Ratings upgraded AGEL's rating to AA/Stable, and CRISIL assigned AAA (Stable), noting consistent generation performance better than P90 expectations and a strong debt structure.

AGEL's overall operational renewable portfolio stands at 16.7 GW, with a target of 50 GW by 2030. The company is developing the world's largest renewable energy plant at Khavda, Gujarat (30 GW by 2029), having already operationalized 7.1 GW. In H1 FY26, operational capacity increased by 49% year-on-year to 16,680 MW, with a significant addition of 5,496 MW greenfield capacity. Energy sales rose by 39% to 19,569 million units in H1 FY26.

The company also highlighted its ESG initiatives, including preventing 14.23 million tons of CO2e emissions in H1 FY26, deploying waterless robotic cleaning over 9.6 GW of solar capacity, achieving water positivity for its entire operational portfolio, and advancing towards its EV and 'No Net Loss' of Biodiversity commitments. AGEL also received top ESG ratings globally from ISS ESG, FTSE Russell, and Sustainalytics.

Regarding tariff disputes, the Appellate Tribunal for Electricity (APTEL) had ordered a tariff of Rs. 7.02/kWh for UPPCL, but the Supreme Court directed UPPCL to pay at Rs. 5.07/kWh for ongoing bills while the matter is pending adjudication. AGEL is billing at Rs. 7.02/kWh and maintaining the differential as receivable.

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