Adani Solar Expands Retail Footprints in Maharashtra with Roofsol Energy as its Solar Panel Distributor
Adani Group’s solar manufacturing arm Adani Solar has expanded its retail distribution business in Maharashtra with Roofsol Energy Pvt Ltd, as the official channel partner for the region.
August 06, 2022. By Manu Tayal
With this expansion in Maharashtra, the Gujarat-based company has now extended its reach to more than 2,500 towns for the distribution of solar panels in the country.
Through this partnership, the company, with 3.5 GW of solar photovoltaic (PV) cell and module manufacturing capacity, aims to rapidly penetrate and capitalize on the renewable energy market of Maharashtra.
Commenting on the retail distribution partnership, Rahul Bhutiani, Head – Sales & Marketing of Adani Solar, said, “we are delighted to partner with Roofsol Energy Pvt. Ltd. in the retail distribution space. The Indian renewable energy sector has witnessed tremendous success in the installation and supply of solar power. As India transitions towards sustainable energy through decarbonization of the grid, we aim to bring power solutions via solar panel distribution to customers at competitive rates in Maharashtra, which has an 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.”
This will be a step towards facilitating the switch to sustainable solar power solutions at an economical rate, a change that is expected to greatly benefit residential consumers and commercial establishments in the region.
Adani Solar envisages an opportunity of 1.5 GW within Rooftop, C&I as well as the KUSUM segments in the region. The target customers are predominantly in the rooftop, utility-scale, residential, commercial & industrial (C&I), and solar pump segments.
On the retail front, “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,” Bhutiani added.
Through its retail channel partners, 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.
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