Adani Green Energy achieves 47% of growth in Energy Sales During FY2024

by Psu Connect
Date: 16-04-24

At the end of March 31, 2024, the sale of energy witnessed a substantial growth of 47% on a YoY basis to 21,806 mn units with the consistently higher Solar portfolio CUF standing at 24.5%, which was backed by 99.7% plant availability.

Adani Green Energy achieves 47% of growth in Energy Sales During FY2024

New Delhi: The renewable power generation giant Adani Green Energy Limited (AGEL) has announced an operational provisional update for the year (FY 2024) ending March 31, 2024.

According to recent data, in the recent financial year, the operational capacity increased by 35% YoY to 10,934 MW with the greenfield addition of 2,418 MW solar and 430 MW wind power plants along with the operationalization of 2,000 MW as part of the ongoing development of the world's largest 30,000 MW renewable energy project in Khavda, Gujarat.

At the end of March 31, 2024, the sale of energy witnessed a substantial growth of 47% on a YoY basis to 21,806 mn units with the consistently higher Solar portfolio CUF standing at 24.5%, which was backed by 99.7% plant availability.

Meanwhile, the Wind portfolio CUF was recorded at 29.4%, with an improvement of 420 bps on a YoY basis, which was backed by 95.5% plant availability. The hybrid portfolio CUF stood at 40.7% with a growth of 520 bps YoY, backed by 99.5% plant availability.

Moreover, the company has also received an 'A-' rating in the CDP Climate Change 2023 assessment, showcasing environmental leadership, and rated in the category 'A' in the CDP Supplier Engagement Rating 2023. The company was also felicitated by the 'Emerging Company of the Year' at ET Awards 2023 during the year ended March 31, 2024.

Incorporated in 2015, Adani Green Energy Limited is engaged in the business of renewable power generation and other ancillary activities. Meanwhile, the company's shares opened at Rs 1,808.00 and touched the day high of Rs 1,845.60 at 11:25 AM.