Adani Green Energy Ltd (AGEL), an Adani Group renewable energy company with a project portfolio of 20.4 GW, today announced financial results for the quarter ending Sept. 30, 2023. The company’s consolidated total income in the July-Sept quarter was INR 2,589 crore, 53.7% up year-on-year from INR 1,684 crore in the corresponding period of the last fiscal. Quarterly net profit was up 150% YoY to INR 371 crore.
The Group’s operational capacity reached 8,316 MW as on Sept. 2023 with the addition of 1,150 MW solar-wind hybrid, 212 MW solar, and 230 MW wind power plants over the last one year.
With an operational capacity of 8,316 MW (with 9,021 MW AC capacity), AGEL continues to own the largest operating renewable energy portfolio in the country.
“In pursuit of our next milestone to create the largest RE cluster in the world in Khavda, Gujarat, we have already deployed workforce of 5,000+. At Khavda, we will be installing the most advanced TOPCon solar modules as well as India’s largest and one of the most efficient 5.2 MW wind turbine. These efforts will drive us towards achieving the lowest levelized cost of energy,” said Amit Singh, chief executive officer of Adani Green Energy Ltd.
“Looking ahead, we aim to augment automation in our operations and make every decision even more intelligence-driven through extensive digitalization and AI/ ML integration. Our commitment to sustainability and the highest level of governance will remain the foundation of our future growth.”
Adani Green Energy Ltd (AGEL), a part of India-based Adani Group, has one of the largest global renewable portfolios with an overall locked-in portfolio of 20.4 GW, including operating, under-construction, and awarded projects catering to investment-grade counterparties. The company develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.