February 28, 2024 08:31We consider the green bond, which is issued under the AGEL RG1 green finance framework dated February 2024, to align with the four core pillars of the Green Bond Principles (GBP) published by the ICMA. AGEL RG1 comprises three SPVs, namely, Adani Green Energy UP Ltd, Prayatna Developers Private Limited and Parampujya Solar Energy Private Limited. Adani Green Energy Limited (AGEL), the parent company of the SPVs, is a pure-play renewable energy company headquartered in Ahmedabad, India. Its renewable energy portfolio currently has a total locked-in capacity of around 20.4GW. We deem the projects to be eligible green projects recognised by the GBP.

Source: The Hindu February 28, 2024 02:21 UTC