Smart Power India (SPI), the Indian subsidiary of Rockefeller Foundation, has signed a memorandum of understanding with Adani Solar to provide last-mile electricity to rural areas of Uttar Pradesh, Bihar, Jharkhand, and Odisha.
Adani Solar’s channel partners will promote the use of solar rooftop panels in rural and peri-urban areas of Uttar Pradesh, Bihar, Jharkhand, and Odisha and achieve 5 MW of solar deployment through the MoU. In the initial phase, around five channel partners will be deployed in UP, followed by other states.
Talking about the memorandum Mukesh Khandelwal, Director C&I – Smart Power India said, “The objective of this MoU is to support inclusive economic growth and build resilient communities. SPI is delighted to work closely with Adani Solar to develop the ecosystem to scale and replicate sustainable businesses that provide renewable energy for productive use and expand the economic activity to underserved, rural areas in India” Speaking on the occasion Mr. Jaideep Mukerji, CEO, SPI “We are excited to partner with Adani Solar and optimistic that their world-leading expertise in renewable energy will be a tremendous amplifier for SPI’s mission of creating C&I ecosystem across the nation”.
According to a report by NITI Aayog, RTS power is a clean source of energy that allows producers to monetize an otherwise idle asset, their rooftops. Since generation and distribution are co-located, RTS reduces transmission and distribution losses. It enables large consumer groups, such as commercial and industrial (C&I), to reduce their costs without being burdened by high tariffs for cross-subsidization.
Mr. Cecil Augustine, Head- Retail, Adani Solar said, “We are looking forward to this collaboration with Smart Power India. As most of the energy produced is consumed on the same premises, the loss associated with this source is very small. To address this, we have a huge network of channel partners who will benefit from SPI’s vast experience and field expertise in furthering the adoption of renewable energy models like rooftop solar, knowledge of which can prove to be a boon for the identified territories of Uttar Pradesh, Bihar, Jharkhand, Odisha. We hope to support the entire India’s C&I segment to get Solar.” Adding to this, Mr. Rahul Bhutiani, Head – Sales & Marketing, Adani Solar, also said, “MSME segment in the Rural and Peri-Urban market will be the driving force of rooftop Solar space for the next two to three years. Through its enhanced manufacturing capacity, Adani Solar will be at forefront of serving this market. Collaboration with SPI will help Adani Solar serve this decentralized solar energy market in a rapid way”.
