Adani Green Energy Ltd. on Friday reported an increase in revenue of Rs 33% during the financial year-ended March 2024.
The renewable energy firm of the port-to-power conglomerate reported a top line of Rs 7,735 crore during fiscal 2024, an increase from Rs 5,809 crore that was clocked during fiscal 2023, the company said in a media statement.
The operating income or the earnings before interest, tax, depreciation and amortisation accelerated 30% on a yearly basis during the previous financial year to Rs 7,222 crore, the statement added.
Separately, the company has increased its 2030 renewable energy target to 50 gigawatts.
FY24: Operational Capacity (YoY Growth)
Total operational capacity up 35% at 10,934 MW.
Solar operational capacity rises 49% to 7,393 MW.
Wind operational capacity up 44% at 1,401 MW.
FY24: Sale of Energy (YoY Growth)
Total sales up 47% at 21,806 million units.
Solar sales increase 7% to 3,066 million units.
Wind sales up 43% at 614 million units.
Solar-wind hybrid sales gain 32% to 1,777 million units.
The growth in sale of solar energy was backed by 2,418 MW of capacity addition, while the growth in wind energy sales was on the back of 430 MW of capacity addition and 120 basis point improvement in the capacity utilisation factor.
FY24: Capacity Utilisation Factor
The solar portfolio CUF remained consistent at 24.5% due to improved plant and grid availability, while the solar irradiation was relatively lower.
The CUF for the wind portfolio improved by 420 basis points on an annual basis to 29.4%, along with improvement in plant and grid availability as well as wind speed.
With respect to the solar-wind hybrid portfolio, the CUF improved by 520 basis points year-on-year to 40.7%. This was backed by higher CUF profile projects commissioned.
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