₹2,374 करोड़ का EBITDA, 23% की वृद्धि के साथ अदाणी ग्रीन एनर्जी ने वित्त वर्ष 25 की पहली तिमाही के शानदार नतीजे दर्ज की
Adani Green Energy Announces Strong Q1 FY25 Results with EBITDA of Rs. 2,374 Crore, Up by 23%
Operationalizes Wind Power Capacity of 250 MW at Khavda deploying India’s Largest 5.2
MW
Wind Turbine Generators
Achieves 3rd Rank in FTSE Russell ESG Assessment in the Alternative Electricity
Segment,
Securing Top Governance Score of 5.0
Editor’s Synopsis
Operational Capacity Expansion: Grew by 31% YoY to 10.9 GW; further increased to 11.2 GW
post wind capacity addition of 250 MW in July 2024
Energy Sales increase: Up by 22% YoY to 7,356 million units
Revenue Growth: Increased by 24% YoY to Rs. 2,528 crore
Industry-leading EBITDA margin: Achieved EBITDA margin of 92.6%
Cash Profit Surge: Rose by 32% YoY to Rs. 1,390 crore
Ahmedabad, 25 July 2024: Adani Green Energy Ltd (AGEL), India’s largest and
fastest-growing pure-play renewable energy company, has announced financial results for the
quarter ending 30 June 2024, showcasing significant growth and operational excellence.
FINANCIAL PERFORMANCE – Q1 FY25:
Particulars
Quarterly Performance
Q1 FY24
Q1 FY25
% change
Revenue from Power Supply
2,045
2,528
24%
EEBITDA from Power Supply 1
1,938
2,374
23%
EBITDA from Power Supply (%)
92.5%
92.6%
Cash Profit 2
1,051
1,390
32%
- The robust growth in revenue, EBITDA and cash profit is primarily driven by a capacity addition
of 2,618 MW over the last year.
Mr. Amit Singh, CEO of Adani Green Energy Ltd, stated "We are working
relentlessly towards the development of world’s largest single-location renewable energy plant
of 30 GW at Khavda in Gujarat. To enable accelerated implementation, we have deployed advanced
robotics technology for installation of solar modules, significantly enhancing productivity.
Additionally, we have developed an extensive local supply chain and established a sustained
mobilization of human resources.”
He further said “Adani Green is well on track to achieve its 2030 capacity target of 50 GW
including at least 5 GW energy storage in the form of pumped hydro, with sites already secured
and clear visibility on evacuation. The global recognition of our ESG efforts further
strengthens our resolve to deliver sustainable, industry-leading growth.”
Operational Capacity: Expanded by an impressive 31% YoY to 10,934 MW, with greenfield
additions, including 2,000 MW of solar capacity in Khavda, 418 MW of solar capacity in
Rajasthan and 200 MW of wind capacity in Gujarat.
Energy Sales: Increased by 22% YoY propelled by the robust capacity additions and strong
operational performance.
Exceeding Commitments: AGEL has consistently generated electricity exceeding the overall
annual commitment under the power purchase agreements. In FY24, AGEL’s PPA based electricity
generation was 111% of the annual commitment. In Q1 FY25, AGEL has already generated 31% of
the annual commitment.
O&M; Efficiency: AGEL’s O&M; is driven by advanced technology with Energy Network Operation
Center enabling real time monitoring of the renewable plants across the country. This has
not only enabled consistent higher plant availability in turn resulting in higher
electricity generation but also led to reduction in O&M; cost resulting in industry-leading
EBITDA margin of 92.6%.
DEVELOPMENT OF THE WORLD’S LARGEST RE PLANT AT KHAVDA:
World’s largest power plant: AGEL is developing a massive 30 GW renewable energy plant at
Khavda in Gujarat. This is spread over an area of 538 sq km, almost 5 times the city of
Paris. This is not only the world’s largest single-location renewable energy plant but also
the world’s largest single-location power plant across all power sources. This project will
set a global benchmark for development of ultra large-scale renewable energy plant.
Rapid execution: Within 12 months of breaking ground, AGEL already operationalized the first
2 GW. AGEL plans to add a total of 6 GW capacity in FY25 and Khavda will contribute a major
part of this capacity. The entire 30 GW RE capacity will be developed in Khavda by 2029 also
setting a global benchmark for the speed of execution at such a large scale.
Most advanced renewable technologies deployed: The plant deploys the most advanced bifacial
solar modules and trackers to maximise electricity generation. It also deploys India’s
largest 5.2 MW wind turbine, which is also one of the most powerful onshore wind turbines
globally. These wind turbines harness the high wind speeds of ~ 8 meters per second
available at Khavda and optimize the levelized cost of electricity. Khavda also deploys
complete robotic cleaning, which not only leads to near zero usage of water for module
cleaning but also increases electricity generation.
Massive ESG contribution from 30 GW plant:
~81 billion units of clean electricity to be generated
16.1 million households to be powered
15,200+ green job creation
58 million tons of CO2 emissions will be avoided
Emissions avoided equivalent to:
60,300 tonnes of coal avoided
12.6 million cars off the roads
Progress:
30 GW site already secured
Clear visibility of phase wise evacuation ensuring its availability well ahead of
operationalization of the capacities
First phase common infrastructure in place including extensive social infrastructure
Workforce of over 8,000 people already mobilized
Extensive supply chain planning with focus on localization: Solar module procurement
from Bloomberg tier 1 suppliers, wind turbine procurement from Adani New Industries
and extensive local supply chain developed for other equipment
2.25 GW capacity already operational
Latest addition of 250 MW Wind capacity at Khavda: On July 24, 2024, AGEL has announced the
operationalization of a 250 MW wind capacity at Khavda. This milestone brings the cumulative
operational capacity at the Khavda plant to 2,250 MW. It strengthens AGEL’s leadership in
India with the largest operational portfolio of 11,184 MW.
CREDIT RATING UPDATE:
Rating Upgrade: India Ratings and Research (Ind-Ra) has upgraded AGEL’s Long-Term Issuer
Rating to 'IND AA-’ from ‘IND A+’ factoring in the strong operational performance,
continuously improving leverage and healthy cash flows.
ESG UPDATES
Top ESG ranking by FTSE Russel: AGEL has been ranked 3rd in FTSE Russell ESG assessment in
the Alternative Electricity Subsector with a percentile rank of 93 in the Utilities
Supersector. AGEL has improved its overall score to 4.2 out of 5, up from 3.7, significantly
above the alternative electricity sub-sector average of 2.9. Notably, AGEL achieved the
top score of 5 in the Governance theme and received the high scores in the Social and
Environment themes, including 5 in Labour Standards and in Pollution & Resources in the
Environment theme.
Constituent of FTSE4Good index: AGEL continues to be a part of the FTSE4Good Index Series
for the past three years.
Continued top ESG rankings by ISS ESG and Sustainalytics:
Ranked in the top 5 RE companies by ISS ESG
Ranked in the top 10 RE companies by Sustainalytics
Contribution to UN Sustainable Goal 6 with Water Conservation Leadership: AGEL has deployed
robotic cleaning across 4,760 MW of operational renewable plants, saving 347 million liters
of water annually. This is crucial for water conservation in water stressed areas like
Khavda. This initiative, along with other initiatives such as semi-automatic module cleaning
and water recharge through desilting of water bodies at the older plants, has earned AGEL
‘water positive’ certification for all its operational plants with capacities exceeding 200
MW. AGEL aims to be water positive across all plants by FY26.
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