According to a recent disclosure made by Adani Green Energy through an official exchange filing, the company’s operational capacity has surged by 49% to 8,086 MW, making it the largest in India. Additionally, the company reported a significant year-on-year increase of 58% in its energy sales, which rose to 14,880 million units during the financial year 2023, compared to 9,426 million units in the financial year 2022.
Commissioning of Multiple Power Plants by a Company
A company has recently commissioned multiple power plants, including a 2,140 MW solar-wind hybrid power cluster in Rajasthan, a 325 MW wind power plant in Madhya Pradesh, and a 212 MW solar power plant in Rajasthan.
Operational Performance of a Company
A company has reported a significant increase in the sale of solar and wind energy, with a 29% and 37% year-on-year rise, respectively. Furthermore, the solar portfolio capacity utilization factor (CUF) for FY23 improved by 90 basis points to reach 24.7%, supported by a high plant availability rate of 99.6%. On the other hand, the wind portfolio CUF decreased by 560 basis points to 25.2% due to a one-off disruption in the transmission line of a 150 MW plant in Gujarat that has not been fully restored yet, according to the company.
The hybrid portfolio of a company achieved a capacity utilization factor (CUF) of 35.5%, supported by a high plant availability rate of 99.1%. Additionally, the company reported realizing 3.9 million carbon credits in the financial year 2023.
About Adani Green Energy:
Adani Green Energy Ltd, a renewable energy firm based in Ahmedabad, Gujarat, India, is a subsidiary of the Adani Group, an Indian conglomerate. The company is responsible for operating the Kamuthi Solar Power Project, which is one of the world’s biggest solar photovoltaic plants.
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