Electric Utilities firm Adani Green Energy announced Q1FY23 Result : Operational Capacity increases by 65% YoY to 5,800 MW Commissioned India’s first Solar-Wind Hybrid project of 390MW at Jaisalmer, Rajasthan Sale of energy increases by 73% YoY to 3,550 mn units AGEL receives ESG score of 66/ 100, the highest in Indian Power sector, in CRISIL Sustainability Yearbook 2022 Solar portfolio CUF improves by 150 bps YoY to 26.5% Wind portfolio CUF improves by 850 bps YoY to 47.0%, the highest ever reported wind CUF by AGEL High Solar-Wind Hybrid portfolio CUF of 43.4% Revenue from Power Supply increases by 57% YoY to Rs. 1,328 cr EBITDA from power supply increases by 60% YoY to Rs. 1,265 cr with consistent EBITDA margin of 92% Cash Profit increases by 48% YoY to Rs. 680 cr Investment of ~ USD 500 mn received from Abu Dhabi based International Holding Company PJSC (IHC) as primary capital in AGEL. This helps deleverage the balance sheet, strengthen the credit rating profile thereby helping reduce the cost of capital and support future growth. Robust growth in revenue and EBITDA from power supply is backed by capacity addition, improved solar and wind CUF and high hybrid CUF. Consistent EBITDA margin backed by high solar, wind and hybrid CUF and cost efficiencies brought in through real time centralized monitoring through Energy Network Operation Center. “With deployment of the latest technologies and analytics driven O&M;, AGEL’s Solar and Wind portfolio performance has continued to improve. We are further proud of our teams that have enabled commissioning of India’s first solar - wind hybrid capacity of 390 MW at Jaisalmer, Rajasthan with more such projects in pipeline. We will continue to deploy the latest technologies to enable higher and cost efficient RE power generation with flexible integration with the grid.” said Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd. He further said, “Simultaneously, we are striving to increase our ESG efforts with which our commitment to light up a sustainable future is only growing stronger. We will continue our journey towards strengthening the governance standards that we began with revision in the board committee charters in favour of more independent director representation and formation of new committees.” Result PDF
Electric Utilities company Adani Green Energy declares Q4FY22 result: Sale of energy increases by 72% YoY to 9,426 mn units in FY22 Revenue from Power Supply increases by 56% YoY to Rs.3,783 cr in FY22 Cash Profit increases by 48% YoY to Rs. 1,854 cr in FY22 100% of AGEL’s operating capacity is now single-use plastic (SUP) free AGEL features as the only company in India in renewable sector disclosing Greenhouse Gases (GHG) emissions in all three scopes in CDP India Disclosure Report 2021 Robust growth in revenue from power supply is backed by capacity addition of 1,940 MW and improved solar and wind CUF. Continued growth in EBITDA from power supply and cash profit is supported by increase in revenues and cost efficiencies brought in through analytics driven O&M.; “AGEL’s strong results are a validation of the Adani Group’s rapidly expanding focus on renewables,” said Mr. Gautam Adani, Chairman, Adani Group. “Not only is our investment roadmap in the green energy value chain unmatched by any other portfolio of energy and utility businesses but we have also been consistently setting new industry benchmarks in efficiency, performance and capacity development. Through our domain expertise and our ability to execute projects rapidly, we are accelerating the pace of energy transition to honour India’s commitments to a sustainable future.” Result PDF