Key Takeaways
- Adani Green Energy’s operational renewable energy capacity increased by 45% to 15,816 MW in Q2 2024.
- The company generated 10,479 million units of renewable energy, a 42% rise compared to the previous year.
- Adani aims for a total renewable portfolio of 50 GW by 2030, having operationalized new capacities in solar, wind, and hybrid technologies.
Operational Capacity Growth
Adani Green Energy Ltd reported significant growth in its renewable energy generation capacity during the June quarter of 2024. The company announced that its operational capacity surged by 45% to reach 15,816 MW compared to the same period a year earlier, when it stood at 10,934 MW.
This current generation capacity includes 11,156 MW from solar power, 1,986 MW from wind, and 2,674 MW from hybrid renewable sources. The increase in renewable energy generation highlights the company’s commitment to expanding its operations and meeting demand in a growing market.
Sales Performance
The company also noted a notable increase in renewable energy sales, which rose by 42% to 10,479 million units (MUs), up from 7,356 MUs during the same quarter last year. The increased sales figures reflect the rising demand for renewable energy solutions and the company’s successful operational strategies.
Furthermore, Adani Green Energy reported that it met 31% of its total committed generation goal of 19,667 MW—equating to 6,138 MUs—within the quarter, illustrating its efficiency in reaching established benchmarks.
New Projects and Future Goals
In addition to its existing portfolio, the company operationalized 3,763 MW of solar capacity, 585 MW of wind capacity, and 534 MW of hybrid renewable capacity. This expansion included the addition of 1.6 GW of greenfield renewable energy capacity during the quarter, showcasing Adani’s aggressive growth strategy.
Looking ahead, Adani Green Energy is setting ambitious goals for the future, aiming to achieve a total renewable energy portfolio of 50 GW by the year 2030. This target reflects the company’s dedication to renewable energy and its significant role in the global transition towards sustainable energy solutions.
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