Sunkind India Expands Into Agrivoltaic Projects

In August 2026, Sunkind India Limited pushed forward its business strategy by diving into agrivoltaic projects, a model that combines solar energy generation with agricultural production. By installing solar infrastructure above farmland, the Gurugram-based firm aims to provide farmers with a dual source of income while optimizing land use. The company is in negotiations to develop these projects across Rajasthan, Odisha, and Uttar Pradesh, marking a transition from being a supplier of solar structures to a comprehensive project partner.

Sunkind Founder and Managing Director Hanish Gupta said the company is currently involved in agrivoltaic projects and discussions in these three states. The company supplies solar structures and is also exploring opportunities to participate in full-project partnerships. So far, most engagements have focused on supplying structures rather than directly partnering with farmers. 

The company currently remains more focused on structured supply engagements, while discussions around full project partnerships with farmers continue. Building greater awareness about project economics, land use, long-term returns and available government schemes could help farmers better understand the potential of agrivoltaic systems. However, discussions with farmers for potential projects now seem to be underway.

Various government programs such as PM-KUSUM are also set to further support the integration of solar power into agriculture. According to the company, this scheme can help farmers reduce their dependence on diesel-powered equipment and unreliable grid electricity. Consequently, solar power can lower energy-related farm input costs while providing more predictable income opportunities.

Impact on the Chemical Market

Agrivoltaic systems will help enable farmers to use the same land for both crop cultivation and solar power generation. Solar panels are installed above or alongside crops, allowing agricultural activity to continue while generating renewable electricity. This particular model can provide several benefits, including dual use of agricultural land, renewable electricity generation, reduced water consumption, improved crop microclimate, additional income through electricity sales or land leasing, and lower dependence on conventional energy sources. 

Agrivoltaic systems can also help to influence the conditions in which crops grow. The shade created by solar panels can help produce a cooler microclimate beneath the panels, thus benefiting crops in hot and dry conditions. In addition to that, water used to clean the solar panels can be reused for irrigation, helping farmers reduce water wastage and operating costs. Therefore, agrivoltaics can potentially combine renewable energy generation with more efficient use of land and water resources.

Impact on the Agrivoltaics Market

The global agrivoltaics market size was estimated at USD 4.59 billion in 2024 and is anticipated to reach around USD 13.88 billion by 2034, expanding at a CAGR of 11.70% from 2025 to 2034.

According to Precedence Research, a growing global population, limited arable land, and growing energy demand are driving the size of the agri-electricity market. In addition, a significant increase in food production is expected due to the increasing food demand of the people during the forecast period. Increased food production advancements and reduced water usage for farming, combined with justifiable energy generation and additional income from photovoltaic panels, are the key factors supporting the growth of the market. The active participation of governments of multiple countries to improve the medical facilities that are provided to their residents. The government initiatives may include the use of high-quality equipment and agricultural compensations that facilitate easy adoption of agrivoltaics.

The need to adopt efficient cultivation machinery due to increased climate change, reduced availability of resources such as water and land, as well as a shift in the preference of consumers for sustainable farming, are some other key drivers that are helping accelerate the demand for efficient farming equipment. The necessity to efficiently utilize scarce natural resources, decrease greenhouse gas emissions, reduction of energy costs fosters the balance between agriculture and energy production through adoption of agrivoltaic systems.

Impact on the Solar Power Market

The global solar power market size accounted for USD 286.15 billion in 2025, and is anticipated to hit USD 304.32 billion by 2026, and is predicted to reach around USD 522.71 billion by 2035, growing at a CAGR of 6.21% from 2026 to 2035.

According to Precedence Research, the growth of the solar energy market is majorly driven by rising governmental provisions of incentives and duty rebates to install solar panels and environmental pollution. In addition, the drop in water footprint associated with solar energy systems has propelled their demand in power generation sectors. The demand for solar cells has gained huge traction due to a rise in rooftop installations, which is further followed by a rise in operations in the architecture sector.

With investments in smart grid technology, the solar power market has plenty of opportunities. AI energy systems fine-tune energy source generation and storage, while minimizing energy losses. The markets anticipated to support access to electricity and energy security are highly pro-decentralized solar systems. Highly efficient solar panels are continuing to grow and expand, and the integration of multiple renewable energy technologies is continuously improving.

Expert Opinion

According to Gupta, farmers can benefit from agrivoltaic projects through several models. They can lease their land for solar projects, invest directly in solar plants, or participate in government-supported programs such as PM-KUSUM, which can provide long-term and predictable payment opportunities. These models can create additional income streams while reducing farmers’ exposure to fluctuations in agricultural commodity prices.