Ahmedabad -
With an operational capacity of 8,316 MW (with 9,021 MW AC capacity 2), AGEL continues to own the largest operating renewable energy portfolio in the country.
The sale of energy has increased by 78% YoY to 11,760 mn units in H1 FY24 primarily backed by strong capacity addition and improved CUF across solar, wind and hybrid portfolios.
The solar portfolio CUF has improved by 90 bps YoY to 25.2% in H1 FY24 with improved plant availability and improved solar irradiation.
The wind portfolio CUF has improved by 360 bps YoY to 40.2% in H1 FY24 with consistent wind speed and significant improvement in grid availability.
The solar-wind hybrid portfolio CUF has improved by 880 bps YoY to 45.4% in H1 FY24 backed by technologically advanced solar modules, horizontal single-axis trackers and wind turbine generators as well as consistent high plant and grid availability.
The robust growth in revenue, EBITDA and cash profit is primarily driven by capacity addition of 1,592 MW over the last one year and improved CUF. 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.
The Run-rate EBITDA stands at a strong
'The performance improvement across the board is the result of our team's relentless efforts. In pursuit of our next milestone to create the largest RE cluster in the world in Khavda,
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