Adani Enterprises Ltd FY23 Results
2018H1
2018H2
2019H1
2019H2
AEL: Upgradation to TOPCon Technology in ANIL Ecosystem
19.5
18.6
18.7
18.7
18.8
18.8
18.8
18.8
18.8
18.8
18.8
18.5
2020H1
Multi
2020H2
Cell Efficiency Trend, %
25.8
25.6
25.4
25.2
25
25.5
24.8
24.2
24.3
24.4
24.5
24.6
24.5
23.8
23.9
23.5
23.2
23.5
22.9
24
25.7
25.5
25.3
25.1
24.9
24.7
24.2
24.3
24.4
24
1.
2.
3.
Higher Bi-faciality
4.
Near Zero Light Induced Degradation
5.
Low YOY degradation (~0.45% p.a. v/s -0.54% p.a.)
adani :
Mono Wafer based Tunnel Oxide Passivated Contact (TOPCon) with relatively higher Bifaciality
Data beyond 2023H1 are estimates
2021H1
23.8
23.5
23.6
22.5
23
23
23.1
23.2
23.3
23.4
23.5
23.6
23.6
23.6
23.6
22.8
22.8
22.5
22.5
22.6
21.5
22.2
21.8
21.9
21.6
21.4
20.5
2021H2
Why TOPCon*
Cut cell modules are industry favorite as it also increases the module wattage and reduces the year-on-year degradation
Increased module wattage than multi cell modules due to:
Increased sensitivity to different wavelength of light and the increased capture of transport carriers
Lower temperature coefficient
Mono PERC
2022H1
2022H2
2023H1
TOPCon
2023H2
32
2024H1
HJT
2024H2
2025H1
2025H2
2026H1
2026H2View entire presentation