Adani Green’s operational capacity increased 93% to 5,410 MW, Energy News, ET EnergyWorld
The strong growth in electricity supply turnover is supported by strong capacity growth and an improvement in solar and wind CUF.
Continued growth in EBITDA from power and cash earnings is supported by increased revenue and profitability through analytics-driven operations and maintenance.
“It is gratifying to see that the focus on climate change has continued to accelerate at a rate that has taken everyone by surprise,” said Gautam Adani, Chairman of the Adani Group. “I think this is a good indication of the progress the world can make when it comes together to solve a global problem. significant investments that we continue to make in this business. ”
AGEL’s global renewable energy portfolio increases to 20,284 MW due to the completion of the acquisition of SB Energy’s renewable energy portfolio in India of 4,954 MW, which includes 1,700 MW of operating assets and the award of a 450 MW wind project by SECI in October 2021.
The company signed the first set of PPAs for 867 MW with SECI in September / October 2021 as part of an award letter received for manufacturing related 8 GW solar projects.
Energy sales increased 54% to 3,954 million units in the first half of FY22. Solar CUF improves 50 basis points year-on-year to 23.2% and wind CUF improved 710 basis points year-on-year to 40.7% in the first half of fiscal 22.
Power Supply EBITDA up 50% yoy to Rs. 1,577 crore with 150 basis points improvement in EBITDA margin to 93.1% in the first half of fiscal 22.
“The strong performance of the solar and wind portfolio, driven by a significant improvement in the CUF, is a testament to the fact that we are on the right track in terms of integrating best operating and maintenance practices and adopting the latest technologies. Said Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd. He added: “Our teams are working tirelessly towards the target of 25 GW of operational capacity by 2025 and the recent addition of SB Energy’s 5 GW portfolio has helped us move closer to this ambition. number of advances in terms of ESG engagement and we will continue to work in this direction. “