The solar portfolio CUF improved by 40 bps to 26.8% primarily backed by 10 bps improvement in plant availability; 40 bps improvement in grid availability and improved solar irradiation.

The sale of energy in wind portfolio jumped 69% YoY to 428 million units, on the back of capacity increase from 497 MW to 971 MW YoY. The firm's CUF in this segment slipped to 20.4% in Q4 FY23 as against 23.6% in Q4 FY22.

The wind portfolio CUF reduced due to lower wind speed and plant availability is lower primarily on account of proactive shutdown as part of preventive maintenance to enable uninterrupted operation during high wind season.

The 700 MW solar-wind hybrid project operationalized in Q4 FY23 took the total hybrid capacity to 2,140 MW (solar – 1,980 MW and Wind – 868 MW); higher CUF of 36.9% was backed by technologically advanced solar modules and wind turbine generators (WTGs) and high plant and grid availability.

The renewable energy company said its total operational capacity increased by 49% YoY to 8,086 MW in FY23, the largest in India.

Adani Green Energy (AGEL), a part of India-based Adani Group, has one of the largest global renewable portfolios with overall portfolio of 20.4 gigawatt (GW). The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.

The company's consolidated net profit zoomed 110.2% to Rs 103 crore on 40.8% jump in revenue from operations stood to Rs 1,959 crore in Q3 FY23 over Q3 FY22.

Shares of Adani Green Energy shed 0.20% to end at Rs 940.90 on Thursday, 13 April 2023.

The domestic stock market is shut today, 14 April 2023, on account of Dr. Baba Saheb Ambedkar Jayanti.