AGEL posts 23% increased YoY Sale of Energy for H1 FY21

Reiterates swift move towards renewable energy

Image credit: www.adanigreenenergy.com

Image credit: www.adanigreenenergy.com

Adani Green Energy Ltd, a part of the Adani Group, announced the financial results for the quarter and half year ended September 30, 2020. Sale of Energy for H1 FY21 increased by 23 per cent Year on Year (YoY) on the back of capacity addition of 630 MW, consistent Solar CUF and improved Wind CUF.

Solar CUF has remained steady for H1 FY21 at 22.7 per cent, better than P75 target of 22.5 per cent, supported by strong Plant availability of ~ 100 per cent and consistent Solar irradiation. Wind CUF has improved from 33.5 per cent in H1 FY20 to 34.8 per cent in H1 FY21 with improved Plant availability.

Commenting on the quarterly results of the Company, Mr. Gautam Adani, Chairman, Adani Green Energy Limited said, "At UN Climate Summit in September 2019, he reiterated the commitment to increase India’s renewable capacity much beyond 175 GW and to take it further to 450 GW by 2030".

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