Adani Solar envisages an opportunity of 130 MW within the rooftop segment in the two regions
Solar EPC giant Adani Solar has partnered with KSL Cleantech for the launch of its retail distribution business for India’s eastern and northeastern states.
Under this partnership, KSL Cleantech will act as the company’s official channel partner for the two regions. With this, Adani Solar has now extended its reach to more than 1,000 towns for the distribution of solar panels in India, said the company in a statement.
Through this partnership with KSL Cleantech, Adani Solar said that it aims to rapidly penetrate and capitalize on India’s eastern and northeastern renewable energy markets.
In particular, both companies shall offer the solar solutions for the rapidly growing Commercial & Industrial (C&I) sector where businesses can generate huge savings by switching to solar power and also avail accelerated depreciation benefits. In such cases, the project payback period can be within 3-5 years.
Adani Solar envisages an opportunity of 130 MW within the rooftop segment in the two regions. The target customers are predominantly in the rooftop, utility-scale, residential, commercial & industrial (C&I), and solar pump segments.
Ramesh Nair, Chief Executive Officer, Adani Solar, said, “We are delighted to partner with KSL Cleantech in the retail distribution space. The Indian renewable energy sector has witnessed tremendous success in the installation and supply of solar power. With India being a growing economy with remarkable development, we will be able to offer power facilities via solar panel distribution to customers at competitive rates for applications in the East and Northeast markets. This region has enormous investment opportunities in renewable energy. KSL Cleantech, as the authorized channel partner of Adani Solar will be responsible for all the solar retail requirements in the region.”
On the retail front, Nair added, “Adani Solar will target a 50 percent market share. We look forward to achieving a higher reach and visibility for our product nationally by increasing power consumption through alternative forms of energy like solar energy.”
Through its retail channel partners, Adani Solar has a sizeable presence in Rajasthan, Uttar Pradesh, Delhi, Haryana, Gujarat, Maharashtra, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, and Kerala.