Adani Solar to Expand Business in Kerala
Adani Solar has announced its plans to expand its business in Kerala, recognizing the state’s significant potential in the solar energy market. The solar PV manufacturing division of the Adani Group has signed an agreement with Kochi-based Almiya Group, a well-known solar distributor, to become its official partner in Kerala.
As part of this expansion, Adani Solar is set to install a 225 MW solar power plant in Purapura within the next year. Additionally, they have established a warehouse in Coimbatore to ensure faster delivery of solar panels to both Kerala and Tamil Nadu.
Cecil Augustine, National Sales Head of Adani Solar, stated during a press conference, “We are growing our business in Kerala. In 2023 alone, we installed solar panels generating 70 MW in the state. Kerala has immense potential in the solar energy sector, and the Adani Group has ambitious plans here.”
Augustine highlighted the superior quality of their solar panels, made entirely in India, compared to others available in Asia. The partnership with Almiya Group will help Adani Solar penetrate the Kerala market more effectively. Augustine also mentioned that Adani Solar holds a 50% market share in India’s residential solar panel market.
“Kerala’s residential solar panel market has great potential. An average family can set up a residential solar unit for about ₹1.6 lakh. Our solar panels come with a 30-year warranty and can reduce power bills to nearly zero,” he added.
Furthermore, the Adani Group is exploring the use of solar energy at the Vizhinjam International Sea Port, which is being constructed by Adani Ports. The expansion of Adani Solar’s business in Kerala signifies a significant step towards harnessing the state’s solar energy potential.