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Business EconomyPosted at: Nov 23 2021 3:27PM


Adani Solar partners with KSL Cleantech to expand in India's Northeast

New Delhi, Nov 23 (UNI) Adani Solar on Tuesday launched its retail distribution business for India’s eastern and northeastern states in partnership with KSL Cleantech for the two regions in line with an expansive growth strategy in the Indian renewables industry. The initiative takes Adani Solar’s reach to more than 1,000 towns for the distribution of solar panels in India. The Adani Group’s solar manufacturing and EPC arm is looking at tapping an opportunity of 130 MW within the rooftop segment in the two regions.

The partnership with KSL Cleantech will allow Adani Solar to rapidly penetrate and capitalise on India’s eastern and northeastern renewable energy markets at a time when state governments in the eastern and northeastern regions are promoting the solar rooftop system. Moreover, as Ramesh Nair, Chief Executive Officer, Adani Solar, points out, there is strong potential 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 and KSL Cleantech as the authorized channel partner of Adani Solar, will be responsible for all solar retail requirements in the region," says Nair. The partnership will facilitate the switch to sustainable solar power solutions at an economical rate, help consumers mitigate the risks of power-cuts while installation of Adani Solar off-grid panels will assist in reducing electricity costs.
Adani Solar is targeting a 50% market share and a higher reach and visibility for its solar panel products. The company has garnered a sizeable retail presence across the country in states like Rajasthan, Uttar Pradesh, Delhi, Haryana, Gujarat, Maharashtra, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, and Kerala. Adani Solar’s manufacturing facility at Mundra Special Economic Zones, is expanding to up to 3.5 GW of modules and cells under a single roof. The facility is located and hence plays host to the entire solar manufacturing ecosystem from polysilicon to modules, including ancillaries and supporting utilities.
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