Adani Solar to Grow Business in Kerala

Adani Solar announced on Friday that it will expand its business in Kerala, recognizing the state’s significant potential in the solar energy market. As part of this expansion, Adani Solar, the solar PV manufacturing division of the Adani Group, signed an agreement with Kochi-based Almiya Group, a well-known solar distributor, to become its official partner in Kerala.

Adani Solar plans 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.

“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,” said Cecil Augustine, National Sales Head of Adani Solar, during a press conference.

Augustine highlighted that their solar panels, made entirely in India, are of superior quality compared to others available in Asia and have a higher production capacity. The agreement with Almiya Group will help Adani Solar penetrate the Kerala market more effectively. Almiya has a long-standing relationship with Adani Solar and was involved in a 45 MW project in Tamil Nadu. 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 said.

Augustine added that the Adani Group is also looking into using solar energy at the Vizhinjam International Sea Port, which is being constructed by Adani Ports.