Adani Green Adopts TNFD Framework to Boost Sustainability and Biodiversity Goals

Adani Green Energy Ltd (AGEL) has formally announced that it is integrated the Taskforce on Nature-related Financial Disclosures (TNFD) framework into its core sustainability strategy, marking a shift toward nature-positive renewable energy development.This move positions AGEL as one of the first Indian renewable companies to embed biodiversity and ecological risk management into enterprise-wide planning.

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What this means

• TNFD framework: A global, science-led initiative that helps companies identify, assess, manage, and disclose nature-related risks and opportunities.
• AGEL’s adoption: Starting FY24, AGEL began company-wide assessments to map dependencies, impacts, risks, and opportunities across all operational sites (over 16.5 GW renewable portfolio across 12 states in India).
• Strategic shift: Moves beyond traditional ESG compliance toward a nature-positive model, ensuring ecological wellbeing is integrated with clean energy expansion.

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Key commitments

• No net loss of biodiversity by 2030: AGEL has pledged to achieve this target, aligning with global conservation priorities.
• Tree plantation drive: Plans to plant 27.86 million trees as part of its ecological stewardship agenda.
• TNFD Adopters Group: AGEL joined even before formal adoption, signaling intent to embed nature-related insights into strategic planning.
• Leadership in renewables: Strengthens AGEL’s position among global renewable companies integrating biodiversity into decision-making.

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Why it matters

• For investors: Enhances transparency on ecological risks, aligning with global disclosure standards.
• For India’s climate goals: Supports renewable energy expansion while safeguarding biodiversity.
• For communities: Ensures renewable projects consider local ecosystems, reducing conflict and enhancing sustainability.

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Risks and challenges

• Implementation complexity: Mapping biodiversity impacts across 16.5 GW of assets is resource-intensive.
• Verification and accountability: Achieving “No Net Loss” requires robust monitoring and third-party validation.
• Balancing growth versus ecology: Rapid renewable expansion must avoid unintended ecological trade-offs.

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Takeaway

Adani Green’s integration of TNFD guidance is not just compliance—it’s a strategic pivot toward nature-positive growth. By embedding biodiversity into its sustainability strategy, AGEL is signaling that renewable energy expansion must go hand-in-hand with ecological stewardship.

Adani to Invest ₹ ~63,000 Cr in Transformative Energy Projects in Assam

Adani Group will invest about ₹63,000 crore in Assam across two transformative energy projects — a 3,200 MW ultra-supercritical thermal power plant and two pumped storage facilities with a combined capacity of 2,700 MW. This marks the largest private sector investment in Northeast India to date.

Key Highlights

• Total Investment: ₹63,000 crore
• Adani Power Ltd.: ~₹48,000 crore for a 3,200 MW greenfield ultra-supercritical thermal power plant under the DBFOO (Design, Build, Finance, Own, Operate) model.
• Adani Green Energy Ltd.: ~₹15,000 crore for two pumped storage plants (PSPs) with a combined capacity of 2,700 MW. 
• Government Support: Both projects have received Letters of Award (LoAs) from the Assam government.
• Coal Linkage: The thermal plant will source coal under the SHAKTI policy, ensuring fuel security.
• Employment Impact: Expected to generate ~30,000 jobs during the project phase, boosting local livelihoods.
• Tariff: Adani Power won the thermal project with a competitive tariff bid of ₹6.30 per kWh.

Strategic Importance

• Regional Development: This is the largest-ever private investment in Northeast India, catalyzing industrial growth in Assam.
• Energy Security: The projects will significantly enhance Assam’s power generation capacity, reducing dependence on imports and stabilizing supply.
• Green Transition: Pumped storage facilities will support renewable integration, balancing intermittent solar and wind power.
• Economic Boost: Gautam Adani emphasized that these projects will energize and catalyze progress across the entire northeastern corridor.

Why It Matters

For Assam: Strengthens infrastructure, creates jobs, and positions the state as a key energy hub.

For India’s Northeast: Signals confidence in the region’s potential, attracting further private and public investments.

For Adani Group: Reinforces its role as a leading energy player, balancing conventional and renewable portfolios.

This announcement is a landmark in India’s energy and regional development story — combining scale, sustainability, and strategic impact.

Sources:

Adani Green Energy Projects Cancelled in Andhra Pradesh

The Andhra Pradesh government has officially cancelled two major pumped hydro storage projects allotted to Adani Green Energy Ltd (AGEL), following a formal request from the company, reported news agency PTI. The decision, approved by the State Investment Promotion Board (SIPB) on July 17, stems from unresolved boundary disputes between Andhra Pradesh and neighboring Odisha that have stalled project development.

Projects Cancelled:

• Kurukutti Pumped Hydro Storage Project – 1,200 MW
• Karrivalasa Pumped Hydro Storage Project – 1,000 MW

Both were located in Parvathipuram Manyam district and allotted to Adani Green Energy Ltd (AGEL).

Why Were They Cancelled?

• AGEL requested cancellation due to boundary disputes between Andhra Pradesh and Odisha, which hindered surveys and investigations.
• The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) confirmed the challenges and stated that AGEL was not at fault.
• The State Investment Promotion Board (SIPB) approved the cancellation on July 17, 2025, after reviewing AGEL’s proposal.

Financial Adjustments Requested

• AGEL paid ₹12.98 crore in facilitation charges for the two projects.
• The company requested either a refund or adjustment of these charges toward two other allotted projects:
• Pedakota PSP – 1,000 MW
• Raiwada PSP – 600 MW

Background

• The projects were approved under the YSRCP government on June 29, 2022. 
• Feasibility reports were prepared by TCE Ltd, and AGEL was responsible for the Detailed Project Report (DPR) and surveys.

Broader Implications

• The cancellation highlights the risks of inter-state land disputes in infrastructure planning.
• It underscores the need for clear land acquisition strategies and local stakeholder engagement, especially in Schedule-5 tribal regions.

Adani Green to Supply 400 MW Solar Power to UP Discom from Its Rajasthan Project

Adani Green Energy Sixty Nine, a subsidiary of Adani Green Energy, has signed a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) to supply 400 MW of solar power from its Rajasthan-based project, reported news agency PTI.

This move aligns with India's push for renewable energy expansion, reinforcing Adani Green's commitment to large-scale solar infrastructure.

This 400 MW solar power supply to Uttar Pradesh Power Corporation Limited (UPPCL) is expected to have several key impacts on UP's energy market.

This agreement with Adani Green strengthens UP's renewable energy portfolio, reducing dependence on fossil fuels and aligning with India's clean energy transition.

The fixed tariff of 2.57/kWh ensures predictable pricing, potentially lowering electricity costs for consumers over time.

Beside these, the project will generate employment opportunities in solar panel installation, maintenance, and grid management, boosting the local economy. Rural areas may experience more stable electricity supply, reducing reliance on expensive or inconsistent sources.

In an Another India's Largest, Adani to Build Solar-Wind Renewable Cluster in Rajasthan

Adani Green Energy Ltd (AGEL) is making some big moves in renewable energy. They've announced plans to build India's largest solar-wind hybrid renewable cluster in Rajasthan. This is all part of their goal to reach a 50 GW renewable energy portfolio by 2030, which aligns with India's push for decarbonization.

Adani Group has recently refinanced a $1.06 billion construction facility, originally taken in 2021. The new financing has a long-term structure of 19 years, which really shows their commitment to this project, and supporting their ambitious goal of achieving a 50 GW renewable energy portfolio by 2030.

The refinancing facility has a door-to-door tenor of 19 years, with a fully amortized debt structure that aligns with the underlying asset life.

This strategic move not only enhances AGEL's financial stability but also ensures their ability to continue their growth trajectory and deliver sustainable value creation to their stakeholders.

AGEL already operates a massive renewable energy portfolio of 12.2 GW (largest in India) across 12 states in India. This new project in Rajasthan will only cement their status as a leader in the renewable energy sector.

Refinancing plays a crucial role in the renewable energy sector by providing the necessary financial stability and flexibility for ongoing and future projects. By refinancing existing debt, companies like Adani Green Energy Ltd (AGEL) can secure long-term financing with favorable terms. This reduces the financial burden and allows them to focus on expanding their renewable energy portfolio.

Notably, refinancing often comes with lower interest rates and better terms, which reduces the overall cost of capital. This makes renewable energy projects more financially viable and attractive to investors.

Adani Green Energy Secures 1,250 MW Energy Storage Contract From UP Power Corporation

Adani Green Energy's wholly-owned subsidiary, Adani Saur Urja, has secured a significant 1,250 MW energy storage contract from Uttar Pradesh Power Corporation Limited (UPPCL) through an e-Reverse Auction.

This project, known as the Panaura Pumped Hydro Storage Project (PSP), will be developed in the Sonbhadra district of Uttar Pradesh and is expected to be completed within six years. The contract has a 40-year commitment with an annual fixed cost of ₹76.53 lakh per MW, excluding taxes.

This initiative aligns with India's clean energy goals, which necessitate the development of large utility-scale storage projects to integrate renewables into the grid and provide round-the-clock renewable energy. Adani Green Energy has diversified its portfolio to include energy storage solutions in addition to its existing solar, wind, and hybrid projects.

The Panaura PSP will use hydro pumped storage technology, which is one of the most cost-competitive, mature, and scalable energy storage solutions. This technology uses surplus solar energy during the day to pump water uphill, which is then released to generate electricity during peak evening hours. The benefits include grid stability, peak shaving, frequency regulation, reserve generation, and flexible energy management.

This project aligns with India's clean energy goals, which require the development of large utility-scale storage projects to integrate renewables into the grid and provide round-the-clock renewable energy.

The project is part of Adani Green Energy's broader strategy to enhance its renewable energy portfolio and contribute to India's decarbonization goals. The company currently has an operating renewable portfolio of 11.9 GW, the largest in India, and aims to achieve 50 GW by 2030.

Adani Green Energy has firm plans to add over 5 GW of hydro PSP capacity by 2030. The company has already commenced the construction of several hydro PSPs, including 500 MW at Chitravathi River in Andhra Pradesh, 1,500 MW at Tarali in Maharashtra, and 1,800 MW at Gandikota in Andhra Pradesh.

Adani Group Incorporates New Company for RE Projects and Renames Dharavi Redevelopment Project

The Adani Group has incorporated a new subsidiary called Adani Green Energy Sixty Eight Limited to focus on renewable energy projects. This move is part of their broader strategy to achieve a 50 GW renewable energy capacity by 2030.

Additionally, they have renamed the Dharavi Redevelopment Project Private Limited (DRPPL) to Navbharat Mega Developers Private Limited (NMDPL). The name change is intended to reflect the company's commitment to building a modern, inclusive, and vibrant community[ However, this decision has faced criticism from the Dharavi Bachao Andolan (DBA), which represents the slum residents.

Here are the details on the two news pieces mentioned above:

1. Adani Group's New Company for Renewable Energy Projects

The formation of a new subsidiary called Adani Green Energy Sixty Eight Limited (AGE68L) will focus on renewable energy generation using wind, solar, and other renewable sources. AGEL aims to achieve a 50 GW renewable energy capacity by 2030. The subsidiary is registered in Gujarat and is part of Adani's broader strategy to enable the clean energy transition.

Here are some key details about AGE68L:

• Objective: The main objective of AGE68L is to generate, develop, transform, distribute, transmit, sell, and supply any kind of power or electrical energy using wind energy, solar energy, or other renewable sources.
• Capital: The authorised capital and paid-up capital of AGE68L is kept at ₹1,00,000.
• Registration: AGE68L is incorporated in India and registered with the Registrar of Companies in Gujarat, at Ahmedabad.
• Operations: AGE68L is yet to commence its business operations.
• Parent Company: Adani Renewable Energy Holding Nine Limited holds 100% share capital of AGE68L.

AGEL, the parent company, is a major renewable energy company in India, developing, owning, and operating utility-scale, grid-connected solar, wind, and hybrid renewable power plants. AGEL is currently developing a massive 30 GW renewable energy plant at Khavda in Gujarat, which is expected to set a global benchmark for ultra-large-scale renewable energy plants.

2. Renaming of Dharavi Redevelopment Project Private Limited (DRPPL)

The Adani Group has renamed Dharavi Redevelopment Project Private Limited (DRPPL) to Navbharat Mega Developers Private Limited (NMDPL). This change is part of the company's effort to build a modern, inclusive, and vibrant community.

However, the renaming has faced criticism from the Dharavi Bachao Andolan (DBA), which represents the slum residents. They are concerned about potential negative impacts on the residents.

Here are some key details about Navbharat Mega Developers Private Limited (NMDPL):

• Purpose: NMDPL is a special purpose vehicle (SPV) formed as a joint venture between the Government of Maharashtra and the Adani Group.
• Objective: The primary goal is to redevelop Dharavi, one of Asia's largest slums, into a modern, inclusive, and vibrant community.
• Name Change: The name change aims to avoid confusion with the Dharavi Redevelopment Project (DRP), which is the special planning authority of the state government.
• Government Role: The role of the Maharashtra Government remains unchanged, and DRP continues to be the supervising authority for the project.
• Commitment: NMDPL is committed to creating a broader and brighter future for everyone associated with or benefiting from the project.
• Housing: The state government has decided to provide free housing to eligible Dharavi residents and affordable housing to ineligible residents under the Pradhan Mantri Awas Yojana or through a hire-purchase scheme.

The name "Navbharat" means "New India," reflecting the project's potential to shape a better future. The initiative aims to ensure transparency, inclusivity, and the welfare of all stakeholders.

Adani Green Energy and TotalEnergies Setup 50-50 Joint Venture

Adani Green Energy Ltd (AGEL) has signed a 50:50 joint venture (JV) agreement with TotalEnergies. This partnership aims to manage a portfolio of solar projects totaling 1,150 MW in Gujarat, India. TotalEnergies has invested USD 444 million for a 50% stake in the JV.

This collaboration underscores both companies' commitment to accelerating India's transition to clean energy. The projects are part of the world's largest renewable energy plant being developed by AGEL in Khavda, Gujarat.

According to the exchange filing TotalEnergies has invested USD 444 million in its subsidiary to acquire a 50 per cent stake in AGEL's solar projects located at the world's largest renewable energy plant in Khavda, Gujarat.

"We would like to inform that the company has signed a Joint Venture Agreement with TotalEnergies Renewables Singapore Pte Ltd (TotalEnergies) and Adani Renewable Energy Sixty Four Ltd (ARE64L)," AGEL said in the filing.

Adani Renewable Energy Sixty Four Ltd (ARE64L) is a subsidiary of Adani Green Energy Ltd (AGEL). This joint venture will manage a portfolio of 1,150 MWac solar projects located in Khavda, Gujarat.

This collaboration is part of a broader effort to expand renewable energy capacity in India, leveraging both companies' expertise to accelerate the transition to clean energy.

TotalEnergies and Adani Group have multiple joint ventures beyond their recent solar projects collaboration.

In 2018, TotalEnergies acquired a 37.4% stake in Adani Gas Limited, which was later renamed Adani Total Gas Limited. This JV focuses on city gas distribution and associated LNG terminal businesses.

TotalEnergies holds a 50% stake in the Dhamra LNG project, which includes the development of an LNG regasification terminal. This terminal is expected to start operations soon and aims to enhance India’s LNG infrastructure.

Adani Green Energy Limited (AGEL) consummates 2.148 GW JV with TOTAL, Receives INR 3,707 Cr

• AGEL receives INR 3,707 Cr for formation of the JV with TOTAL


• AGEL and TOTAL to own 50% each in the JV.


• Demonstrates AGEL and TOTAL’s commitment to contribute to India’s sustainable development goals.


• The closing of the transaction in the current environment reinforces the strength of the relationship between the partners and underscores the robust joint climate commitment of both partners

TOTAL S.A. (TOTAL), through its step-down subsidiary has today invested approx. INR 3,707 Cr for 50% partnership with AGEL in a Joint Venture (JV). The JV houses 2.148 GW operating solar projects operating across 11 states in India. The portfolio includes the Restricted Group 1 & 2 projects, which had recently raised USD 862.5mm from the international bond markets. Restricted Group 2 was the first Investment Grade rated issuance (rated BBB-/Baa3/BBB-) by a renewable business in India and was widely recognized by global capital markets and international publications.

The transaction underlines the partners’ commitment to contribute to addressing India’s sustainable development goals. Through the establishment of the joint venture, both partners aim to adhere to highest standards of governance and strengthen the foundation of the partnership between the two groups. The closing of the transaction in the current environment reinforces the strength of the relationship between the partners and further underscores the robust climate commitment of both partners.

In line with the Adani Group ESG philosophy, AGEL has a strong ESG framework focusing on Climate Awareness, Climate Readiness and Climate Alignment. Consistent with India’s commitment to renewable energy, sustainable development and UNFCC.

goals, AGEL is on track to achieve 25 GW by 2025. With this, AGEL also targets to become the largest solar player in the world by 2025 and the largest renewable player in the world by 2030.To support this vision, the Group has committed to invest over 70 per cent of its budgeted capex into clean energy and energy-efficient systems. This demonstrates Adani Group’s commitment to reversing the climate change.

About Adani Green Energy Limited

Adani Green Energy Limited, part of the diversified Adani Group, is one of the largest renewable companies in India, with a current project portfolio of6GW including under construction capacity. Additionally, AGEL participated, as successful bidder in SECI’s tender of manufacturing linked development project for a capacity of 8 GW and is awaiting its award.