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The Adani Group’s solar manufacturing arm, Adani Solar announced the launch of their retail distribution business in Karnataka with EVERVOLT Green Energy Pvt. Ltd. as official channel partner for the South region. With this expansion, Adani Solar has reached 700 towns for solar panels distribution in India and continues to contribute actively to the Indian renewable energy sector.
The intent of this expansion is to rapidly capitalize and penetrate the South Indian renewable energy market. This will be a step towards facilitating consumers or commercial establishments, to switch to sustainable solar power solutions at an economical rate. Since there is a positive shift in the energy sector, Adani has previously announced the retail channel partners in Rajasthan, Uttar Pradesh, Delhi, Gujarat, Maharashtra, Kerala, Tamil Nadu, Telangana, and Andhra Pradesh where Adani Solar has been speedily expanding its retail presence across the country.
Manufacturing of Solar panels in India, Adani continues to be a market leader in the segment and is the only manufacturer with IEC 2016 certification in all SKUs. With solar power being the fastest growing source of electricity generation, the government is increasingly introducing clean energy targets.
For consumers, installing off-grid Adani solar panels will help them to mitigate power-cut challenges and on-grid will assist in reducing overall electricity costs. The government of Karnataka has been promoting the solar rooftop system in the region and intends to make use of the positive environment in solar market. They are constantly pushing for substantially harnessing the solar potential in the state of Karnataka. The state government has envisioned a capacity of 5 GW for solar capacity by 2022 in Karnataka.
Ramesh Nair, Chief Executive Officer, Adani Solar, said, “We are extremely delighted to
partner with EVERVOLT in the retail distribution space. The Indian renewable energy sector has
witnessed a tremendous success on 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 South markets.
• Adani Solar aims to strengthen its retail space for solar panels beyond their B2B business
across markets in India
• Adani Solar will target an aggressive market share in the South region
• Adani Solar eyes massive growth and aims to accelerate the solar business in more than 700
towns in the country for Solar power installation as a region has enormous investment opportunities in renewable energy. With EVERVOLT as the authorized channel partner of Adani Solar will be responsible for all the retail requirements in the region
Adding further, Nair said on the retail front, “Adani Solar will target a 50% market share. We look forward to achieve a higher reach and visibility to our product in the country by increasing power consumption through alternate forms of energy like Solar energy.”