Published On:May 27 2024
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Adani Solar to Expand Operations in Kerala

Adani Solar to Expand Operations in Kerala

Adani Solar announced plans on Friday to expand its operations in Kerala, recognizing the state's significant potential in the solar energy market. As part of this expansion, the solar PV manufacturing arm of the Adani Group signed a Memorandum of Understanding (MoU) with Kochi-based Almiya Group, a well-known solar distributor, to be its official partner in the state.

Adani Solar will install a 225 MW solar power plant in Purapura within the next year and has established a warehouse in Coimbatore to ensure faster delivery of solar panels in both Kerala and Tamil Nadu.

"We are expanding our business in Kerala. In 2023 alone, we established solar panels for 70 MW in the state. Kerala has immense potential in the solar energy market, and the Adani Group has substantial plans for this region," said Cecil Augustine, National Sales Head of Adani Solar, at a press conference.

Augustine highlighted the superior quality and higher production capacity of Adani's Indian-made solar panels compared to others available in the Asian market. He stated that the partnership with Almiya Group will enhance Adani Solar's market penetration in Kerala. Almiya Group has previously collaborated with Adani Solar on a 45 MW plant in Tamil Nadu.

Augustine also noted that Adani Solar holds a 50% market share in India's residential solar panel market. He emphasized the affordability and efficiency of residential solar units in Kerala, estimating that an average family can install a unit for around ₹1.6 lakh, potentially reducing their power bills to nearly zero. The solar panels come with a 30-year warranty.

Additionally, Augustine mentioned that the Adani Group is exploring the use of solar energy at the Vizhinjam International Sea Port, currently under construction by Adani Ports.

HBL





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