Adani Green Energy Limited

rs,

Date: October 08, 2022 To BSE Limited P J Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 541450 Dear Sir, The National Stock Exchange of Ind

72.3%

ort & Logistics Materials, Metal & Mining Direct to consumer ~USD 240 bn1 Combined Market Cap (72.3%) AEL (60.5%) AGEL Renewables (37.4%) ATGL Gas Discom (73.9%) ATL T&D (75.0%) APL IPP (66.0%

60.5%

s Materials, Metal & Mining Direct to consumer ~USD 240 bn1 Combined Market Cap (72.3%) AEL (60.5%) AGEL Renewables (37.4%) ATGL Gas Discom (73.9%) ATL T&D (75.0%) APL IPP (66.0%) APSEZ Ports

37.4%

ning Direct to consumer ~USD 240 bn1 Combined Market Cap (72.3%) AEL (60.5%) AGEL Renewables (37.4%) ATGL Gas Discom (73.9%) ATL T&D (75.0%) APL IPP (66.0%) APSEZ Ports & Logistics (100%) NQXT

73.9%

~USD 240 bn1 Combined Market Cap (72.3%) AEL (60.5%) AGEL Renewables (37.4%) ATGL Gas Discom (73.9%) ATL T&D (75.0%) APL IPP (66.0%) APSEZ Ports & Logistics (100%) NQXT2 (100%) ANIL New Indust

75.0%

ined Market Cap (72.3%) AEL (60.5%) AGEL Renewables (37.4%) ATGL Gas Discom (73.9%) ATL T&D (75.0%) APL IPP (66.0%) APSEZ Ports & Logistics (100%) NQXT2 (100%) ANIL New Industries (50%) Adani

66.0%

72.3%) AEL (60.5%) AGEL Renewables (37.4%) ATGL Gas Discom (73.9%) ATL T&D (75.0%) APL IPP (66.0%) APSEZ Ports & Logistics (100%) NQXT2 (100%) ANIL New Industries (50%) AdaniConneX4 Data Centr

100%

les (37.4%) ATGL Gas Discom (73.9%) ATL T&D (75.0%) APL IPP (66.0%) APSEZ Ports & Logistics (100%) NQXT2 (100%) ANIL New Industries (50%) AdaniConneX4 Data Centre (100%) AAHL Airports (100%)

50%

&D (75.0%) APL IPP (66.0%) APSEZ Ports & Logistics (100%) NQXT2 (100%) ANIL New Industries (50%) AdaniConneX4 Data Centre (100%) AAHL Airports (100%) ARTL Roads (63.2%) Cement 5 (100%) PV

63.2%

) ANIL New Industries (50%) AdaniConneX4 Data Centre (100%) AAHL Airports (100%) ARTL Roads (63.2%) Cement 5 (100%) PVC (100%) Copper, Aluminum (100%) Mining Services & Commercial Mining (44

44.0%

2%) Cement 5 (100%) PVC (100%) Copper, Aluminum (100%) Mining Services & Commercial Mining (44.0%) AWL Food FMCG (100%) ADL Digital (%): Promoter equity stake in Adani Portfolio companies (%):

63.15%

ar Limited; ADL: Adani Digital Limited; IPP: Independent Power Producer 5. Cement business includes 63.15% stake in Ambuja Cement which in turn owns 50.05% in ACC Limited. Adani directly owns 6.64% stake in

“Under Construction ~11.8 GW Near Construction ~3.2 GW Future Project Potential Executing projects at above sites would take AGEL portfolio to >40 GW (~20.4 GW of operational, under & near construction projects and 20 GW of future project potential) 1.”

“Financing Project Financing SPV level Stabilization Phase LCs & short-term funds to finance equipment Ensure senior debt availability for Project Construction Ensure availability of working capital Fully-funded Growth De-risking of Liquidity Risk Post-Stabilization Phase Debt Capital market refinancing at lower interest rate, longer tenure and terms akin to stable assets Development Phase Stabilization Post-stabilization Phase HoldCo Sr.”

“3.85 per unit o Renewable capacity target of 45 GW by 2030 Multiple Locations o AGEL’s Energy Compact is accepted by United Nations and showcased at COP 26 meeting in UK o Environmental and social risk assessment conducted by third party for 450 MW Hybrid Projects in Rajasthan and SECI-VIII project in Gujarat Key Focus Areas Sustainable Innovation Industry, Innovation & 9.”

Deploy

1

Investor Relations Team

1

Deploy

Under Construction ~11.8 GW Near Construction ~3.2 GW Future Project Potential Executing projects at above sites would take AGEL portfolio to >40 GW (~20.4 GW of operational, under & near construction projects and 20 GW of future project potential) 1. 2. 3. Team hiring in progress DC – Direct Current; CUF – Capacity Utilization Factor LOA: Letter of award received from power purchaser on winning the bid 17 Additional Sites under Development (10.5 GW) Future Readiness with High Resource Potential sites in Maharashtra, Karnataka, Tamil Nadu Strategy to acquire Barren Non-agricultural Waste land Focus States Maharashtra, Karnataka Tamil Nadu Average CUF Solar DC CUF ~19%-21% Wind CUF ~40%+ ✓ Wind & Solar resource rich areas identified ✓ Engaged with stakeholders ✓ Project development feasibility underway Maharashtra 5 GW potential Karnataka 3 GW potential Tamil Nadu 2.5 GW potential To enable site-availability for the next phase of Growth ~10.5 GW De-risking the next phase of growth 18 Ca

Investor Relations Team

VIRAL RAVAL AGM - Investor Relations viral.raval@adani.com ARPIT MUNDRA Asst. Manager - Investor Relations arpit.mundra@adani.com +91 79 2555 8581 +91 79 2555 9500 39 Thank You Appendix Operational & Financial Highlights AGEL– Operational Performance Operational Capacity (MW AC) CUF % (AC) Solar Wind Hybrid Solar Wind Hybrid 2,545 397 2,148 3,470 1 497 2,973 5,410 1 647 5,800 390 647 4,763 4,763 26.7% 26.8% 22.6% 22.5% 23.8% 30.8% 26.5% 47.0% 43.4% F Y 2 0 F Y 2 1 F Y 2 2 Q 1 F Y 2 3 FY20 FY21 FY22 Q1 FY23 Plant Availability Volume (MUs) & Average Realization (Rs/kwh) Solar Wind Hybrid Solar MU's Solar Avg. Realisation Wind MU's Wind Avg. Realisation Hybrid MU's Hybrid Avg. Realisation 98.9% 89.7% 99.5% 95.1% 99.6% 96.5% 99.7% 99.8% 96.1% 10,000 4.90 4.66 8,097 4.24 FY20 FY21 FY22 Q1 FY23 1. Includes acquisition of control of 150 MW operational wind assets from Inox towards the end of March 2022 8,000 6,000 4,000 2,000 - 3.67 3.27 4,886 4,120 265 FY20 596 FY21 3.97 3.13 2.69 2,751 665