Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — Corporate Update (August 2026)
8 slides from Adani Green Energy's corporate update, August 2026
Slide 1: Adani Green Energy Business Update
Adani Green Energy Business Update August 2026 AGEL’s Renewable Energy Plant in Khavda, Gujarat
Slide 2: AGEL: RE Developer With A Multi-Decade Growth Visibility
AGEL: RE Developer With A Multi-Decade Growth Visibility Deep Asset Pipeline: Renewable, Pump Storage and Battery Capacity Secured Capex Program: Cumulative Capex Outlay (in Rs crores) 3.2x 348,242 2.6x 31.2x 50.0 50.0 Accumulated capex of 5 GW Rs. ~2.40 lakh crores 7.7x 19.3 109,227 2.5 1.6 FY20A F
Slide 3: AGEL: Core Strategic Objectives
AGEL: Core Strategic Objectives 1 2 3 Execution of Capex Enhanced EBITDA Improve Credit Program and Asset Pipeline Trajectory and Returns Profile and Bankability • Focused on building one of the world’s • AGEL contracted the merchant risk • Stability in cash flows ensures largest renewable and stora
Slide 4: Contracted Play With Solid Cashflow Visibility
AGEL: Contracted Play With Solid Cashflow Visibility (EBITDA in Rs crores and Operating Capacity in GW) Contracted Structure Enhances Credit Quality and Lowers Counterparty Risk EBITDA trajectory vis-à-vis Operational Capacity 25,000 Historical average Run-rate EBITDA-to-Operating capacity ratio of
Slide 5: Continuously Improving Credit Profile with Deep Rating Coverage
AGEL: Continuously Improving Credit Profile with Deep Rating Coverage 1% 9% 2% 0% 18% Global Domestic 31% 34% IG AAA - AA+ Rating Track Record April April March BB+ AA – AA- 2019 2023 2026 7 BB- A Category BBB+ - Below 58% 47% 99% years Nil rated above “AA-” 63% rated above “AA-” 82% rated above “AA
Slide 6: Market Benchmarked Tariff Ensures Better Than Market Returns
AGEL: Market Benchmarked Tariff Ensures Better Than Market Returns RE Capacity Tariff benchmarked as per independent study using last 2 years data1 Benchmarked PTSL PPA Technology No of tenders reviewed Average Tariff Average Tariff Returns on tied up RE capacity commensurate (Rs/kWh) (Rs/kWh) with
Slide 7: Tariff Determination Backed by Robust Assurance and Governance Mechanism
AGEL: Tariff Determination Backed by Robust Assurance and Governance Mechanism Tariff Determination and Governance Process Snapshot - Key Contract Terms for RE & BESS tenders (Benchmarked and mirrored to standard SECI PPAs) Description Details Tariff discovery Term of PPA • 25 years from SCD based o
Slide 8: Thank you
adani Renewal! bles Thank you > Ml