Energy sales climbed by 58 percent YoY to 14,880 million units in FY23, principally due to significant capacity addition, analytics-driven operations and maintenance that enabled high plant availability, and the adoption of cutting-edge renewable technologies.
By adding 2,676 MW of solar, 325 MW of wind, and 2,140 MW of solar-wind hybrid plants in Rajasthan, AGEL boosted its renewable energy capacity.
Adani Green Energy
For 650 MW of solar projects and 450 MW of wind projects, AGEL signed PPAs with SECI in FY23, increasing the CUF for the solar portfolio by 90 basis points year over year to 24.7 percent. This was brought on by increased solar radiation, improved grid availability, and high plant availability.
Despite strong capacity addition, wind energy sales have increased significantly, but the wind CUF has decreased primarily due to the disruption of one transmission line in Gujarat, which has since been fully restored, causing a decline in wind CUF.
- Despite strong capacity addition, wind energy sales have increased significantly.
- The recently operationalized 2,140 MW solar-wind hybrid portfolio utilizes cutting-edge technologies.
- Over the last five years, AGEL’s operational capacity has increased at a CAGR of 33%.
The recently operationalized 2,140 MW solar-wind hybrid portfolio utilizes cutting-edge technologies including bifacial PV modules and horizontal single-axis tracking (HSAT) technology to fully harness the sun’s energy and achieves a high hybrid CUF of 35.5%.
Adani Group is a leader in the green energy sector, establishing new standards for effectiveness, efficacy, and capacity expansion while assisting India in upholding its commitments to a brighter future.
This year, we increased the greenfield capacity of our renewable assets by a sizeable 2,676 MW. According to Vneet S. Jaain, MD & CEO of Adani Green Energy Ltd., this success is the result of the hard work of our staff.
Over the last five years, AGEL’s operational capacity has increased at a CAGR of 33%, outpacing India’s overall growth in renewable capacity. Project development, analytics-driven operations and maintenance, stringent capital management, and a strong governance framework all support this expansion. We take great pride in helping India move closer to achieving its Sustainable Development Goals.
