Adani Solar, the solar PV manufacturing arm of the Adani Group, announced plans to expand its business footprint in Kerala, recognizing the state’s significant potential in the solar energy market. The company has signed a memorandum of understanding (MoU) with Kochi-based Almiya Group, a prominent solar distributor, to enhance its market penetration in Kerala.
Adani Solar’s expansion strategy includes the installation of a 225 MW solar power plant in Purapura within the next year. To support this initiative, the company 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 a huge potential in the solar energy market, and Adani Group has very big plans for Kerala,” said Cecil Augustine, National Sales Head of Adani Solar, during a press conference.
Augustine emphasized the superior quality of their Indian-made solar panels, claiming they have higher production capacity compared to other products available in the Asian market. The MoU with Almiya Group is expected to facilitate deeper market penetration for Adani Solar in Kerala. Almiya Group has been a long-term partner of Adani Solar and was instrumental in the establishment of a 45 MW plant in Tamil Nadu.
Adani Solar currently enjoys a 50% market share in the residential solar panel market in India. Augustine highlighted Kerala’s potential in this sector, noting that an average family could install a residential solar unit for approximately Rs 1.6 lakh. These units come with a 30-year warranty and can significantly reduce electricity bills to nearly zero.
In addition to residential projects, the Adani Group is exploring the application of solar energy at the Vizhinjam International Sea Port, which is under construction by Adani Ports. The expansion into Kerala aligns with Adani Solar’s broader strategy to leverage the growing demand for sustainable energy solutions in India, reinforcing its commitment to innovation and market leadership in the renewable energy sector.
