November 29, 2022

Adani Inexperienced Power Ltd. (AGEL), part of the Adani Group, right this moment introduced the monetary outcomes for the quarter and half yr ended September 30, 2021.

The sturdy development in income from energy provide is backed by sturdy development in capacities and improved Photo voltaic and Wind CUF.

Continued development in EBITDA from Energy Provide and Money Revenue is supported by enhance in revenues and price efficiencies introduced in by analytics pushed O&M.

“It’s gratifying to see that the concentrate on local weather change has continued to speed up at a tempo that has taken all people unexpectedly,” mentioned Mr. Gautam Adani, Chairman of the Adani Group. “I consider this can be a good indication of the progress the world could make when it combines forces to unravel a worldwide drawback. Our journey in the direction of turning into the world’s largest renewables participant and additional rising the hole because the world’s largest photo voltaic participant is manifested within the very vital investments that we proceed to make on this enterprise.”

AGEL’s total renewable portfolio will increase to twenty,284 MW on account of completion of acquisition of SB Power’s India Renewable portfolio of 4,954 MW, which incorporates 1,700 MW operational property and award of 450 MW Wind undertaking from SECI in Oct 2021.

The corporate signed first set of PPAs for 867 MW with SECI in Sep/ Oct 2021 beneath Letter of Award acquired for manufacturing linked photo voltaic tasks of 8 GW.

Sale of Power elevated by 54 per cent to three,954 mn items in H1 FY22. Photo voltaic CUF improves by 50 bps YoY to 23.2 per cent and Wind CUF improves by 710 bps YoY to 40.7 per cent in H1 FY22.

EBITDA from Energy Provide up by 50 per cent YoY to Rs. 1,577 crore with 150 bps enchancment in EBITDA margin to 93.1 per cent in H1 FY22.

“The stable photo voltaic and wind portfolio efficiency, led by a substantial enchancment in CUF, is a testomony that we’re heading in the right direction by way of incorporating the best O&M practices and adopting the newest know-how” mentioned Mr. Vneet S. Jaain, MD & CEO, Adani Inexperienced Power Ltd. He additional mentioned “Our groups are working relentlessly in the direction of the goal of 25 GW operational capability by 2025 and the current addition of SB Power’s 5 GW portfolio has helped us transfer nearer to that ambition. We’ve got taken plenty of strides forward by way of our dedication to ESG and we are going to proceed to work on this route.”

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