Adani Green Energy Limited

Renewable Bids in Q1 FY20: Selective Bidding Approach adani Renewables Tender GUVNL - Raghanesda Solar Park - Gujarat SECI Dondaicha Solar Park - Maharashtra GUVNL Dholera Solar Park - Gujarat SECI ISTS - Solar Tranche-IV SECI Rajasthan Solar - Phase - II Type Total Auctions (MW) Capacity Bid by Capacity won by AGEL (MW) AGEL (MW) Tariff offered by AGEL (Rs/kWh) AGEL Successful L1 Bid Tariff (Rs/kWh) 700 250 1000 Solar 1200 750 . . Weighted Average Tariff (Rs/kWh) 2.65 2.87 2.75 N/A 2.61 2.54 2.50 UPNEDA Solar Phase-III 500 3.02 GUVNL Wind Phase-II1 1000 300 2.95 Yes 2.80 Wind 2.81 SECI ISTS Connected Wind -Tranche-7 1200 300 130 2.83 Yes 2.79 SECI-ISTS Hybrid - Tranche-2 Total Hybrid 1200 600 600 2.69 Yes 2.69 2.69 7800 1200 730 1 AGEL won 300MW at Rs. 2.95, but GUVNL subsequently cancelled the auction Solar Wind Projects AGEL has adopted a selective approach in bidding Hybrid 25

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