With an operational capacity of 8,316 MW, AGEL continues to have the largest operating renewable energy portfolio in the country.
The sale of energy has increased by 70% YoY to 6,023 mn units in Q1 FY24 primarily backed by strong capacity addition.
The solar portfolio CUF has improved by 40 bps YoY to 26.9% in Q1 FY24 with consistent high plant availability and improved solar irradiation.
For the wind portfolio, the sale of energy has increased by 34% backed by strong capacity addition, though the wind CUF has reduced primarily due to relatively lower wind speed, which was higher last year.
The solar-wind hybrid portfolio of 2,140 MW reported a strong hybrid CUF of 47.2%, up by 380 bps backed by new plants with technologically advanced solar modules (including bifacial modules and horizontal single axis trackers) and wind turbines, high plant and grid availability and improved solar irradiation.
The robust growth in revenue, EBITDA and cash profit is primarily driven by capacity addition of 2,516 MW over the last one year. The consistent industry-leading EBITDA margin is driven by AGEL's best-in-class O&M practices enabling it to achieve higher electricity generation at lower O&M cost.
AGEL has received a favorable order from
The Run-rate EBITDA stands at a strong
'Path towards a sustainable future lies in embracing cleaner and greener sources of energy. We are committed to produce low-cost green electrons through a continued focus on operational excellence and technology innovation combined with use of Digital and Artificial Intelligence based solutions. Our team's unwavering dedication has been instrumental in achieving consistent strong financial and operational milestones. ' said Mr
Other Key Updates: AGEL won the 'Best Solar PV Plant' and the 'Best Wind Generator' awards at The Retreat Conclave organized by
AGEL is ranked the first in
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