The renewable power developer’s operational capability elevated to five,410 MW (4,763 MW photo voltaic and 647 MW wind) as of September 30, 2021, a 93% progress from 2,800 MW in September final yr. A lot of this capability addition throughout the yr was by means of the acquisition of operational photo voltaic property.
Adani Inexperienced Vitality Ltd, part of the Adani Group, immediately introduced the operational and monetary outcomes for the quarter and half yr ended September 30, 2021.
The corporate’s operational capability elevated to five,410 MW (4,763 MW photo voltaic and 647 MW wind) as of September 30, 2021, a 93% progress from 2,800 MW in September final yr.
Out of two,610 MW of recent working capability addition, 725 MW (475 MW photo voltaic and 250 MW wind) was from greenfield mission commissioning, and 1,885 MW by means of inorganic addition. Underneath the inorganic route, the corporate added 1,740 MW of operational capability by finishing the acquisition of SB Vitality’s 4,954 MW India renewable portfolio (together with 1,700 MW operational photo voltaic property) and Essel Inexperienced Vitality’s 40 MW operational photo voltaic property in Odisha.
Amongst half-yearly monetary highlights, the sale of power elevated by 54% to three,954 million models within the March 1-September 30, 2021 interval of FY2021-22. The rise was backed by capability addition of two,610 MW and improved photo voltaic and wind capability utilization issue (CUF). Photo voltaic CUF improved by 50 bps YoY to 23.2%. EBITDA from the ability provide was up by 50% YoY to INR 1,577 crore with 150 bps enchancment in EBITDA margin to 93.1% in H1 FY22.
AGEL landed a 450 MW wind mission from the Photo voltaic Vitality Company of India (SECI) in October 2021. With this, its total renewable portfolio has now elevated to twenty,284 MW (5,410 MW operational, 6,591 MW under-execution, and eight,283 MW close to development).
Additional, the corporate has signed 25-year energy buy agreements (PPAs) with the SECI for a complete capability of 867 MW at an INR 2.54/kWh. This capability is a part of 8 GW of manufacturing-linked photo voltaic initiatives received by the developer. Contract agreements to arrange 2 GW of photo voltaic PV manufacturing crops below this tender have been additionally signed with the SECI.
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