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Adani Green Energy Announces Strong Q1 FY25 Results with EBITDA of Rs. 2,374 crore, up by 23%

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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:

(Rs. in crore)

Particulars Quarterly Performance
Q1 FY24 Q1 FY25 % change
       
Revenue from Power Supply 2,045 2,528 24%
       
EBITDA 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%

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.”

CAPACITY ADDITION & OPERATIONAL PERFORMANCE – Q1 FY25:

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.

https://drive.google.com/file/d/1JKNdIPFBhNTlySxoWqHUax1GN2XuyMNX/view

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:

Progress:

 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. 

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