Adani Green Energy Limited (AGEL) announced impressive growth and operational achievements for the nine months ending December 31, 2024, highlighting its pivotal role in India’s renewable energy transition.
Key Operational Highlights:
- 37% YoY Growth in Operational Capacity: The company increased its operational capacity to 11,609 MW, adding 3,131 MW of greenfield projects during the period. This included 2,693 MW of solar power plants and 438 MW of wind power plants across Gujarat and Rajasthan.
- Energy Sales Surge: Energy sales rose by 23% YoY to 20,108 million units, driven by robust capacity addition.
- High Plant Availability and Efficiency: Solar, wind, and hybrid portfolios recorded high plant availability rates of 99.4%, 95.0%, and 99.7%, respectively. Solar projects achieved a CUF (Capacity Utilization Factor) of 23.5%, wind projects 29.2%, and hybrid projects 39.8%.
Major Developments:
- AGEL signed a 25-year Power Purchase Agreement (PPA) with the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 5 GW of solar power, underscoring its leadership in renewable energy contracts.
- Notable project completions included the operationalization of:
- 2,113 MW in Khavda, Gujarat and 580 MW in Rajasthan for solar power.
- 312 MW in Khavda, Gujarat and 126 MW in Gujarat for wind power.
Renewable Energy Milestones:
AGEL remains committed to its target of achieving 50 GW of renewable energy capacity by 2030. The company continues to focus on hybrid solutions, which constitute a growing portion of its portfolio, ensuring a balanced mix of solar, wind, and hybrid projects.
Industry Leadership:
Adani Green Energy’s operational performance consistently exceeds PPA (Power Purchase Agreement) commitments, with electricity generation outperforming required levels by an average of 111% in recent years.
Future Outlook:
AGEL’s renewable energy capacity and efficiency improvements underscore its contribution to India’s clean energy goals. With a fully secured pipeline and advanced technology adoption, the company is set to maintain its leadership in renewable energy, both domestically and globally.
