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Adani Solar targeting 50% market share in 2 years: GM Cecil Augustine

With a marketshare of 10 per cent and expected growth, the company was sure to capture 50 per cent marketshare in another two years, Augustine said

Adani Group  |  Adani Solar  |  Solar Energy

Press Trust of India  |  Coimbatore 

Solar Power

Adani Groups solar manufacturing arm is expecting to get 50 per cent marketshare in two years, a top company official said Saturday.

As 80 per cent of available in the country were made in China, the company was manufacturing module and panels, which were cheaper and durable, for Indian markets, general manager(business development) of Cecil Augustine told reporters.

With a marketshare of 10 per cent and expected growth, the company was sure to capture 50 per cent marketshare in another two years, Augustine said.

The company official was in Coimbatore to announce the launch of its retail distribution business in Tamil Nadu with K Powers Solar, an exclusive channel partner for the region.

In a span of three months, has expanded the retail distribution of its in seven regions, helping over 500 cities across the country meet their renewable energy requirement, he said.

The partnership with K Powers is a stride towards facilitating the switch to sustainable solar power, across consumers, SMEs, MSMEs and institutions in the state at the lowest capex costs, he added.

Tamil Nadu is an emerging solar power-producing state with many big firms switching over to and Vision Tamil Nadu 2023, managing director of K Powers Sanjay Kondaas said.

A strategic plan for infrastructure development in Tamil Nadu includes a target of 5,000 MW, he said.

The partnership would help to contribute for achieving the states goals in harnessing and increasing power generation, Kondaas said.

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First Published: Sat, May 25 2019. 18:35 IST