Adani Green Gets Global Water Positive Certification, Signs 400 MW Solar Deal in UP

Adani Green Energy Limited (AGEL), one of India’s leading renewable energy players, has achieved two major milestones. The company has been certified water positive across its full operational portfolio, becoming the world’s first renewable Independent Power Producer (IPP) to reach this level of water stewardship. Simultaneously, a wholly owned subsidiary has entered a 25-year agreement to supply 400 MW of solar power to Uttar Pradesh, reinforcing AGEL’s twin focus on sustainability and strategic business growth. 

Global First: Water Positive Across 14 GW Portfolio 

AGEL has reached water positive status across its operational capacity of more than 14 GW, a year ahead of its FY26 target. The certification was awarded by global assurance firm Intertek following extensive audits across 103 power generation sites and 85 water conservation sites, as per news reports. 

This achievement makes AGEL the first and only renewable energy IPP among the top 10 global players to become water positive.

What Water Positive Means for AGEL? 

Being water positive means AGEL replenishes more freshwater into the environment than it consumes. This is particularly critical in water-stressed zones where many of its solar and wind installations are located, such as Khavda and the Thar desert in Gujarat. 

AGEL’s water conservation work includes: 

• Reviving 85 ponds that support over 1.23 lakh people
• Using robotic cleaning for solar panels across 54% of its sites, saving 546 million litres of water annually
• Implementing traditional water body deepening, rainwater harvesting, and air-to-water pilot systems 

In total, the water saved and replenished is equivalent to 467 Olympic-sized swimming pools, surpassing the half-yearly water requirement of the Lakshadweep Islands. 

AGEL’s Sustainability Goals 

In addition to being water positive, AGEL has achieved certifications across its operational portfolio for being single-use plastic-free, and zero waste-to-landfill.

These integrated efforts are part of AGEL’s broader commitment to environmental leadership, particularly in India, where per capita freshwater availability is critically low. 

Also Read: Adani Green Share Price in Focus After Promoter Converts Warrants into Shares Worth ₹84.6 Crore. 

Major Solar Power Deal Signed in Uttar Pradesh 

Adani Green Energy Sixty Nine Ltd, a step-down subsidiary of AGEL, has signed a 25-year Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL). 

The agreement is for the supply of 400 MW of solar power from a grid-connected photovoltaic project located in Rajasthan. The tariff has been set at ₹2.57 per kWh, aligning with competitive market rates and supporting Uttar Pradesh’s renewable energy goals. 

Financial Backing for Expansion 

AGEL’s latest PPA comes on the heels of financial performance in FY25: 

• Revenue from power supply rose 23% to ₹9,495 crore
• EBITDA increased 22% to ₹8,818 crore with a margin of 91.7%
• Cash profit grew 22% to ₹4,871 crore 

In the same period, AGEL added 3,309 MW of new renewable capacity, boosting its total operational portfolio by 30% to 14.2 GW. 

Roadmap to 2030: 45 GW Target 

With these developments, AGEL continues to pursue its long-term target of achieving 45 GW of renewable energy capacity by 2030. The company is positioning itself as one of the world’s largest renewable energy developers and a key player in India's transition to clean power. 

AGEL Share Price 

On May 9, 2025, Adani Green’s share price (NSE: ADANIGREEN) opened at ₹859.40, lower than its previous close at ₹880.50. On the same day Adani Green’s share price closed at ₹883.90, up by 0.39% on the NSE. 

Conclusion 

AGEL’s water positive certification and new solar PPA with UPPCL represent a clear alignment of sustainability and business strategy. These twin achievements not only bolster its market position but also contribute meaningfully to India’s renewable energy and resource conservation goals.

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