Adani Solar Strengthens Retail Footprint In Maharashtra

Adani Group’s solar PV manufacturing and EPC arm, Adani Solar, has announced the expansion of its retail distribution business for Maharashtra with Roofsol Energy Pvt. Ltd. According to Adani Solar, Roofsol Energy will be the official channel partner for the Maharashtra region. Additionally, Adani Solar shared that it has now extended its reach to more than 2,500 towns for the distribution of solar panels in India.

The two companies are committed to rapidly penetrating and capitalising on Maharashtra’s renewable energy market with the partnership. This will  catalyze the switch to sustainable solar power solutions economically. Residential consumers and commercial establishments in the region stand to gain greatly from this initiative.

Adani Green Earnings Call Q1 FY23: Operational Capacity Growth Up To 5800 MW

Also Read

It may be noted that the Maharashtra government is promoting solar power installations across the state through rooftop solar, C&I as well as the KUSUM segments. Adani Solar claims that the installation of its off-grid panels will help consumers mitigate the risks of power cuts while its on-grid panels will assist in reducing electricity costs. Adani Solar envisages an opportunity of 1.5 GW within these segments in the region.

On the retail front, Rahul Bhutiani, Head – Of Sales & Marketing, Adani Solar, said, “Adani Solar will target 50% market share. We look forward to achieving higher reach and visibility for our product nationally by increasing power consumption through alternative forms of energy like solar energy. As India transitions towards sustainable energy through decarbonization of the grid, we aim to bring powerful solutions via solar panel distribution to customers at competitive rates in Maharashtra, which has immense solar energy potential. Additionally, this region has enormous investment opportunities in renewable energy. Roofsol Energy Pvt. Ltd., as the authorized channel partner of Adani Solar, will be responsible for all the solar retail requirements in the region.”

Both the companies said about the partnership, “Through this retail channel partnership, the company has a sizeable presence in Rajasthan, Uttar Pradesh, Delhi, Haryana, Gujarat, Madhya Pradesh, Maharashtra, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Kerala, West Bengal, Odisha, Assam, Manipur, Mizoram, Arunachal Pradesh, Meghalaya, Nagaland, and Tripura.”

Adani Green Energy Q1 Results: Strong Revenue Growth, Profit Stumbles

Also Read