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Adani Green Energy shares FY24 update, says operational capacity up 35% at 10,934 MW

Adani Green Energy shares FY24 update, says operational capacity up 35% at 10,934 MW

Adani Green Energy said it wind portfolio CUF stood at 29.4 per cent in Fy24, with 420 basis points improvement YoY, backed by 95.5 per cent plant availability.

Amit Mudgill
Amit Mudgill
  • Updated Apr 15, 2024 9:12 AM IST
Adani Green Energy shares FY24 update, says operational capacity up 35% at 10,934 MWAdani Green Energy shares FY24 update, says operational capacity up 35% at 10,934 MW

Adani Green Energy Ltd on Monday said its operational capacity jumped 35 per cent year-on-year (YoY) to 10,934 MW in FY24, with greenfield addition of 2,418 MW solar and 430 MW wind power plants. This, the Adani group firm said, included operationalisation of 2,000 MW, as part of ongoing development of the world’s largest 30,000 MW RE project in Khavda, Gujarat.
For the year, the sale of energy climbed 47 per cent YoY at 21,806 million units. Consistent high Solar portfolio capacity utilisation factor (CUF) came in at 24.5 per cent, backed by 99.7 per cent plant availability.

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Adani Green Energy said it wind portfolio CUF stood at 29.4 per cent in Fy24, with 420 basis points improvement YoY, backed by 95.5 per cent plant availability. The Hybrid portfolio CUF came in at 40.7 per cent, with 520 bps improvement YoY, backed by 99.5 per cent plant availability.

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ABOUT THE AUTHOR

Amit Mudgill
Amit Mudgill

A financial journalist with over 18 years of experience in print and digital media, I cover India's capital markets, focusing on stocks, IPOs, mutual funds, corporate earnings, and market trends. Currently with Business Today, I report on equities, corporate developments, fundraising activity, and the broader investment landscape, delivering timely, data-backed insights to investors and readers.

Previously, I worked with The Economic Times and Deccan Chronicle, covering business, markets, and corporate affairs. My experience spans breaking news, analysis, and long-form features, with a strong focus on financial markets and investment-related reporting.

I am on the go 24/7:  Saying 'Good Night' to Dow Jones and 'Good Morning' to Gift Nifty comes naturally. Ask me about data and you'll hear stories. Away from markets, I enjoy stargazing, astrophotography, reading about India's neighbourhood, and playing video games.

Published on: Apr 15, 2024 9:12 AM IST