Adani Solar to expand business base in Kerala, sees huge potential in state – EQ
In Short – Adani Solar plans to expand in Kerala, capitalizing on its promising market potential. The move signifies Adani’s strategic vision to tap into the state’s solar energy sector, fostering economic growth and sustainability while meeting rising energy demands. Kerala emerges as a pivotal area for Adani’s business expansion endeavors.
In Details – Adani Solar said it will be installing a 225 MW solar power plant in Purapura in one year and has set up a warehouse in Coimbatore for faster delivery of the panels in Kerala and Tamil Nadu Adani Solar on Friday said it will be expanding its business in Kerala as the southern state has huge potential in the solar energy market. As part of its expansion plans, the company, which is the solar PV manufacturing arm of Adani Group, signed an MoU with Kochi-based Almiya group, a reputed solar distributor, as its official partner in the state.
Adani Solar said it will be installing a 225 MW solar power plant in Purapura in one year and has set up a warehouse in Coimbatore for faster delivery of the panels in Kerala and Tamil Nadu. “We are expanding our business in Kerala. In 2023 alone we could establish solar panels for 70 MW in Kerala. Kerala has a huge potential in the solar energy market and Adani Group has very big plans for Kerala,” Cecil Augustine, National Sales Head of Adani Solar said at a press conference here.
He claimed that the solar panels, which are completely made in India, are of superior quality compared with any others in the market in Asia and they have much higher production capacity. He said the MoU with Almiya Group will facilitate better penetration of Adani Solar in the Kerala market.
