S&P Global Ratings Green Evaluation on Adani Green Energy’s US$362.5 million green bonds, covered by the specialist press

In its second ever Green Evaluation carried out in India, S&P Global Ratings has assigned an overall score of E1/90 to Adani Green Energy Ltd. Restricted Group 2’s proposed US$362.5 million green bond issuance. The E1/90 score is the highest on the Green Evaluation scale of E1-E4, and comprises a Transparency score of 89, a Governance score of 90, and a Mitigation score of 90.

“Adani’s intention to use 100% of the proceeds for solar photovoltaic power projects is the main driver of the high score,” said Cheng Jia Ong, the primary analyst of the Green Evaluation.

Following outreach by Moorgate, news of the Green Evaluation was covered by PV-Magazine, Renewables Now and Global Capital (behind paywall).