Adani Green Energy Limited (AGEL), India's leading renewable energy company, has reported significant increases in its operational capacity and energy sales for Q1, showcasing strong growth in its renewable energy portfolio.

Operational Capacity Expansion

AGEL announced an impressive 45% year-over-year growth in operational renewable energy capacity, reaching 15.8 GW in Q1. This substantial expansion underscores the company's growing presence in the renewable energy sector.

Energy Sales Surge

The company reported a remarkable 42% year-on-year increase in energy sales, reaching 10,479 million units. This growth in energy sales highlights AGEL's ability to meet the rising demand for clean energy in India.

New Capacity Commissioning

AGEL successfully commissioned 1.6 GW of new capacity in Q1, contributing to its overall capacity growth. This rapid expansion demonstrates the company's commitment to scaling its renewable energy operations.

Performance Metrics

AGEL maintained strong capacity utilization factors across its diverse portfolio:

Consistent Growth Trajectory

The company has maintained a steady growth in generation with a Compound Annual Growth Rate (CAGR) of 45% over the last five years. This growth includes an increasing proportion of merchant power, indicating AGEL's adaptability to market demands.

ESG Recognition

In addition to its operational achievements, AGEL has garnered recognition for its commitment to Environmental, Social, and Governance (ESG) practices:

• Ranked first in the FTSE Russell ESG score in the Alternative Electricity subsector globally
• Won the title of 'Highly Commended Projects' in the 'Low Carbon Energy Generation' category at the Reuters Global Energy Transition Awards
• Achieved the highest ESG score in the power sector in India in the latest assessment by NSE Sustainability Ratings and Crisil ESG Ratings

Looking Ahead

With its robust performance and a clear focus on expanding its renewable energy portfolio, Adani Green Energy Limited is well-positioned to continue its growth trajectory and contribute significantly to India's clean energy goals. The company's consistent delivery of energy generation above PPA commitments and its strategic capacity additions across solar, wind, and hybrid technologies demonstrate its commitment to driving the nation's energy transition.

As AGEL progresses towards its target of 50 GW operational capacity by 2030, the company's performance in the coming quarters will be closely watched by investors and industry observers alike.

Adani Green Energy Ltd. (AGEL) has made significant strides in expanding its renewable energy portfolio, operationalizing 275.6 MW of power projects across Gujarat and Rajasthan. This strategic move has propelled the company's total operational renewable generation capacity to an impressive 15,815.5 MW, reinforcing its position as a key player in India's renewable energy sector.

Capacity Expansion

The newly operationalized projects, totaling 275.6 MW, mark a notable addition to AGEL's already substantial renewable energy portfolio. These installations, spread across Gujarat and Rajasthan, contribute to the company's growing footprint in India's renewable energy landscape.

Market Position

With this expansion, Adani Green Energy has further solidified its market position:

• The company now accounts for over 15% of India's utility-scale solar installations.
• AGEL represents 12% of the country's total utility solar and wind capacity.

These figures underscore AGEL's significant role in India's transition towards cleaner energy sources and its commitment to expanding renewable energy infrastructure.

Implications for India's Renewable Sector

The expansion of Adani Green Energy's operational capacity aligns with India's ambitious renewable energy goals. As the country seeks to reduce its carbon footprint and increase its reliance on clean energy sources, companies like AGEL play a crucial role in driving this transformation.

The addition of 275.6 MW of renewable energy capacity not only boosts AGEL's portfolio but also contributes to India's overall renewable energy generation, supporting the nation's sustainability objectives and energy security.

As Adani Green Energy continues to grow its operational capacity, it remains a key contributor to India's renewable energy landscape, helping to shape the future of sustainable power generation in the country.