Adani Group‘s solar manufacturing arm, Mundra Solar PV (Adani Solar), is eyeing a 50% share of the market in the next two years, with cheaper, more durable modules designed for the Indian market. The company currently has a market share of 10%.
PTI quoted Cecil Augustine, general manager of business development at Adani Solar, as saying that the company is now manufacturing modules for the Indian market, as 80% of the solar panels in the country are made in China. He also told the news agency that the company is confident that it can capture half of the market within the next two years.
Domestic solar modules face stiff competition from Chinese imports, which cost 10-20% less, even after the imposition of safeguard duty.
“China’s ability to make solar panels at about 20% less cost than Indian companies simply turns out to be economies of scale,” Subrahmanyam Pulipaka, chief executive officer of the National Solar Energy Federation Of India (NSEFI), told pv magazine in a recent article on module manufacturing in India. “Larger factories can negotiate better contracts with suppliers and manufacturing equipment in these factories can efficiently match up the production rates at different stages in the process due to optimal utilization.”
Adani Solar stands to gain from its vertically integrated business, as it offers services across the spectrum of photovoltaics manufacturing. Its state-of-the-art manufacturing facility in Mundra, Gujarat, is optimised to eventually scale up to 3 GW of module and cell capacity. The factory covers the entire solar manufacturing ecosystem, from polysilicon to modules
Last year, Adani Solar claimed it was the only Indian company to be featured in the fourth annual PV Module Reliability Scorecard report by DNV GL. It bagged the top award for three rigorous tests such as Thermal Cycle 600, Dynamic Load Test (DML) and potential induced degradation.
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Good work in India for better future of India.adani make a india power full and stronger India and better future of india.adani is most largest companies in India for solar penal
IT IS SAD TO SEE THE “TRADITIONAL” INDUSTRIAL HOUSES… DOING NOTHING BUT COMPLAINING WITH DALAL ST…… THAT…. THERE IS NO GROWTH OR OPPORTUNITY….
THEY WILL GET OFF FROM THEIR COMFORTABLE COUCHES ONLY AFTER A MAGANIMOUS HANDOUT/PROTECTION FROM IMPORTS…. WHICH MAY NOT COME THIS TIME ROUND…. AS A “NEW AND CONFIDENT INDIA” TAKES ON THE BEST IN WORLD…. LIKE THE INDIAN CRICKET XI…
LET US FACE IT…. INDUSTRIAL POLICY IN INDIA… MOSTLY UNDER CONGRESS RULE SINCE INDEPENDENCE IN 1947…. IS TO “PROTECT AND SUBSIDIZE” ITS “HOMEGROWN” INDUSTRIALISTS FIRST… AND LAST…. WHO ARE FOREVER TIPSY FROM THESE FREEBIES…
LET US HOPE ADANI… FROM GUJARAT… LIKE DIRUBHAI…. WILL SMASH THESE PROTECTIVE GLASS HOUSES THESE INDUSTRIISTS HAVE BUILT AROUND THEM…. AND TAKE INDIA “PAST THE REST” WELL BEFORE 2050… USING AGRIVOLTAICS WITH INNOVATIVE ENGINEERING, MANUFACTURING AND FINANCING AND MODI GOVT. SUPPORT…
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