Vikram Solar Limited is an Indian company based in Kolkata. It is one of the largest solar module manufacturers in India (by capacity), with 3.5 GW module manufacturing capacity annually[4] and the second-largest solar energy company in India by revenue.[5] The company's primary business focus is manufacturing solar PV modules, and also carrying out engineering, procurement, and construction services and operations, and maintenance of solar power plants.[6][7][8][9]

Vikram Solar Limited
Company typeLimited company
IndustrySolar energy
Founded2006; 18 years ago (2006)
FounderGyanesh Chaudhary
Headquarters"The Chambers", 8th Floor, 1865, Rajdanga Main Road, ,
India[1]
Area served
Worldwide
Key people
Gyanesh Chaudhary
(MD)[2]
ProductsSolar modules
ServicesSolar project engineering and construction
RevenueUS$ $283.9M[3]
Websitewww.vikramsolar.com

History

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Vikram Solar was founded in 2006 by Gyanesh Chaudhary[10] as a manufacturer of solar modules. It has since moved into engineering, procurement, and construction management, and solar power plant operations and maintenance.[11][12] In 2015 the company completed the first floating solar power plant in India.[13]

In February 2014, the company was listed as India's only Tier 1 module manufacturer by Bloomberg New Energy Finance.[14]

In October 2015, the company concluded an agreement with British Solar Renewables (BSR) to supply modules with a total output of 30 MW.[15]

In April 2015, Vikram Solar's modules received the "Excellent Performance" certificate.[16]

In December 2015, the company contributed to the commissioning of India's largest rooftop airport installation in Kolkata.[17]

In January 2016, the company became one of three solar players in the India's Solar Photovoltaic Market Outlook.[18]

In February 2016, the company partnered with Powertech Africa, an African distributor of energy technology, thereby entering 14 new markets in Sub-Saharan Africa, including Botswana, Zimbabwe, and Tanzania. Vikram Solar already operates offices in Kenya, Uganda, and South Africa.[19]

In June 2016, the company won the National Excellence Award.[20]

In September 2016, Vikram Solar signed an MoU with teamtechnik.[21]

In October 2016, Vikram launched a strategic cooperation to enter the Finnish market.[11]

In November 2016, Vikram Solar announced an MoU with the Indian Institute of Engineering Science and Technology (IIEST) at the Rashtrapati Bhavan.[12]

In June 2017, with a manufacturing capacity of 1 GW, the company had become one of the largest solar module manufacturers in India.[13]

In July 2017, Vikram Solar modules became one of the top-performing modules by DNV GL testing standards.[22]

In October 2017, Vikram Solar launched the new monocrystalline product line SOMERA.[23]

In January 2018, Mr. Gyanesh Chaudhary was appointed as the Chairman of the Renewable Energy & Energy Storage Division of IEEMA.[24]

In February 2018, the company opened a sales office in Massachusetts, United States.[25]

In March 2018, Vikram Solar tied up with France's CEA to drive innovative technology research and development.[26]

In May 2018, Vikram Solar opened an office in Gurgaon.[27]

In June 2018, the company announced to launch of a Tigo-integrated Smart module called SOLIVO at Intersolar Munich 2018.[28]

In September 2018, Vikram Solar launched a half-cut cell module at REI 2018.[29]

In January 2019, the company won a contract to install a 140 MW Solar Project for the NTPC.[30]

In April 2020, the company bagged a 300 MW project from National Thermal Power Corporation Limited, (NTPC)[31]

In March 2020, the company ranked 32 on Fortune India's Next 500 list[32]

In December 2020, the company commissioned 919.73 kWp rooftop plant to power a part of our solar manufacturing in Falta, West Bengal[33]

In January 2021, the company launched the highly advanced new M6 cell series modules as first Tier 1 company in India[34]

In May 2021, Vikram Solar commissioned (140+85) 225 MW plant for NTPC in Uttar Pradesh – largest in the state[35]

In May 2021, Vikram Solar continued to be the 'Top Performer' in PVEL PQP Reliability Scorecard for the 4th time in last 5 years[36]

In June 2021, Vikram Solar crossed 3 GW capacity in terms of modules shipped globally[37]

In July 2021, Vikram Solar becomes India's largest module manufacturer with up to 2.5 GW capacity; inaugurates 1.3 GW module manufacturing facility[38]

Projects

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Below are some of Vikram Solar's project references:

India

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Abroad

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Vikram Solar Supplied 4.3 MW of Modules for a solar farm in Ware, Massachusetts, United States.

Vikram Solar Supplied 52.6 MW of Modules to Southern Current, United States.[53]

4.2 MW project commissioned in the US with Vikram Solar modules.[54]

312 kWp solar system installed by Finnwind Oy with Vikram Solar modules at Helsinki-Vantaa Airport.[55]

Recognition

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In 2020

  • Won Module Manufacturer of the Year: Make In India (1.2 GW), Smart Technology Innovation of the Year – Cell Modules, Outstanding Technology Innovation of the Year – MBB Half-cell Modules, Technology of the Year: Utility Solar Module, Module Company of the Year: Testing equipment Award in PV Module Tech Awards by Solar Quarter on 12 November[56]
  • Best Performing Modules of the Year and Best Solar Project on-site Service team Award by Solar Quarter at RE Assets India on 21 February[57]
  • Business Leader of the Year Award by ET Now in Customer Centric Excellence category on 19 February
  • Module Manufacturer of the Year award by Solar Quarter at Indian Rooftop Solar Congress India event on 27 January

In 2019

  • Active Customer Engagement Award from CII on 22 January[58]
  • India Rooftop Solar Congress Leadership Awards 2018 by Solar Quarter on 17 January
  • CBIP Awards from Power Minister Shri R.K. Singh on 4 January[59]
  • India's Most Preferred Brands Award on 3 January

In 2018

  • No. 1 Solar Panel Manufacturer of the year and No. 1 Grid Sharing Solar PV Power Solution Provider of The Year award from Soft Disk on 8 December[60]
  • Dare-to-Dream Awards, Kolkata manufacturing leadership awards and Kolkata Best Employer Brand Awards on 30 October[61]
  • Leading RE Manufacturer Awards from REI event on 17 September[62]
  • Solar Module Company of the Year and Rooftop Solar EPC Company of the Year award by Solar Quarter on 18 January[63]
  • Fastest Growing Company by ET Bengal Corporate Awards on January[64]

In 2017

  • Gold Certificate of Merit by Frost & Sullivan on 13 December[65]
  • Kolkata Best Employer Brand awards by Employer Branding Institute India on 8 November[66]
  • Leading Renewable Energy Manufacturer Solar Module Awards by REI on 20 September[67]
  • CEO and MD of Vikram Solar, Mr. Gyanesh Chaudhary was conferred with Emerging Leader Award by CMA on 16 March[68]

In 2016

  • Fastest growing company in INR 300–1000 crore category by Economic Times of India[69]
  • National excellence award for Rooftop Solar Power Projects in the Domestic Solar Module Manufacturers Category by MNRE on 13 June[70]

See also

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References

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  1. ^ "Global Presence". Vikram Solar. Retrieved 13 June 2018.
  2. ^ "BQ Conversations with Vikram Solar's MD Gyanesh Chaudhary". YouTube. 20 July 2021.
  3. ^ "Vikram Solar Owler". Owler.
  4. ^ Mohanty, Shashwat. "largest manufacturer in India". The Economic Times.
  5. ^ "Top 15 solar players in India". electronicsb2b. Retrieved 29 March 2016. [verification needed]
  6. ^ "Company Overview of Vikram Solar Pvt Ltd". Bloomberg Business. Retrieved 29 March 2016. [verification needed]
  7. ^ Gireesh Chandra Prasad (15 June 2016). "Vikram Solar to sell shares for expansion". Mint. Retrieved 30 July 2016. [verification needed]
  8. ^ "Vikram Solar commissions 40 MW plant in Madhya Pradesh". Business Standard India. Business Standard. 12 May 2015. Retrieved 30 July 2016. [verification needed]
  9. ^ Natalie Obiko Pearson (12 August 2014). "Vikram Solar to Build India's First Floating Solar Plant". Bloomberg L.P. Retrieved 30 July 2016. [verification needed]
  10. ^ "Company Overview of Vikram Solar Pvt Ltd". bloomberg.com. Retrieved 29 March 2016.
  11. ^ a b Sengupta, Debjoy (19 October 2016). "Vikram Solar eyes Finnish markets". The Economic Times. Retrieved 13 September 2019.
  12. ^ a b Sengupta, Debjoy (16 November 2016). "Vikram Solar signs MoU with Indian Institute of Engineering Science and Technology". energy.economictimes.indiatimes.com. Retrieved 13 September 2019.
  13. ^ a b "Vikram Solar scales up manufacturing capacity to 1GW". thehindubusinessline.com. 12 January 2018. Retrieved 13 September 2019.
  14. ^ "BNEF classifies Vikram Solar as a tier 1 manufacturer". energynext.in. 21 February 2014. Archived from the original on 19 April 2019. Retrieved 13 September 2019.
  15. ^ "Vikram Solar wins order from British Solar Renewables". thehindubusinessline.com. 23 January 2018. Retrieved 13 September 2019.
  16. ^ "CEC Evaluation Confirms Excellent Performance Of Vikram Solar Modules". solardaily.com. 16 April 2015. Retrieved 13 September 2019.
  17. ^ "Airport turns greener with 2MW solar plant". timesofindia.indiatimes.com. 16 December 2015. Retrieved 13 September 2019.
  18. ^ "Research and Markets: India Solar Photovoltaic Market Outlook, 2021 - Emmvee, TATA BP Solar and Vikram Solar are the Leading Players". businesswire.com. 1 May 2016. Retrieved 13 September 2019.
  19. ^ Sengupta, Debjoy (10 February 2016). "Vikram Solar expands to 14 new Sub-Saharan countries". The Economic Times. Retrieved 13 September 2019.
  20. ^ "Solar Power: Vikram Solar has received the National Excellence Award 2016" (PDF). The Statesman. 11 June 2016. Retrieved 13 September 2019.
  21. ^ "Vikram Solar signs MoU with teamtechnik". epcworld.in. 7 September 2016. Retrieved 13 September 2019.
  22. ^ Gupta, Anand (3 July 2017). "Vikram Solar modules among the top performers of 2017". eqmagpro.com. Retrieved 13 September 2019.
  23. ^ "Vikram Solar launches 'SOMERA' - a new monocrystalline product line". energynext.in. 25 October 2017. Retrieved 13 September 2019.
  24. ^ Gupta, Anand (3 January 2018). "Mr. Gyanesh Chaudhary appointed as the Chairman of Renewable Energy & Energy Storage Division of IEEMA". eqmagpro.com. Retrieved 13 September 2019.
  25. ^ Pickerel, Kelly (15 February 2018). "Indian panel manufacturer Vikram Solar opens Massachusetts sales office". solarpowerworldonline.com. Retrieved 13 September 2019.
  26. ^ "Vikram Solar ties up with France's CEA". Business Standard India. Press Trust of India. 11 March 2018. Retrieved 13 September 2019.
  27. ^ Gupta, Anand (30 May 2018). "Vikram Solar opens office in Gurgaon to better serve the demanding solar market". eqmagpro.com. Retrieved 13 September 2019.
  28. ^ "Vikram Solar launches Tigo-integrated SOLIVO smart modules". renewablewatch.in. August 2018. Retrieved 13 September 2019.
  29. ^ Gupta, Anand (17 September 2018). "Vikram Solar launches half-cut-cell module at REI 2018". eqmagpro.com. Retrieved 13 September 2019.
  30. ^ "Vikram Solar gets 140-MW unit order from NTPC". Business Standard India. Press Trust of India. 2 January 2019. Retrieved 13 September 2019.
  31. ^ "300 MW project bagged". Business Standard India. 7 April 2020.
  32. ^ "Ranked in Fortune Next 500 list".
  33. ^ "Walking the talk with solar plant on manufacturing facility". The Economic Times.
  34. ^ "M6 cell module launch".
  35. ^ "225 MW solar project commissioned". 12 May 2021.
  36. ^ "PVEL recognition". 28 May 2021.
  37. ^ "Module supply data across the world".
  38. ^ "Largest solar manufacturer in India".
  39. ^ "Vikram Solar commissions largest single-site PV project of Uttar Pradesh". pv magazine India. 12 May 2021. Retrieved 5 March 2024.
  40. ^ "Vikram Solar commissions 200 MW solar project for APGENCO". pv-magazine-india.com. 19 February 2019. Retrieved 12 March 2019.
  41. ^ "Vikram Solar commissions 10 MW solar project in Itarsi". energy.economictimes.indiatimes.com. Retrieved 5 November 2018.
  42. ^ "GNFC expects Dahej DCP project to be completed by Dec 2018". Business Standard India. Press Trust of India. 1 October 2017. Retrieved 23 June 2021.
  43. ^ "Vikram Solar commissions 10-Mw project for ONGC in Gujarat". India Times. 6 September 2018. Retrieved 23 June 2021.
  44. ^ Gupta, Anand (18 September 2018). "Vikram Solar Commissions 1461 kW Rooftop Solar projects for Century Plyboards". eqmagpro.com. Retrieved 13 September 2019.
  45. ^ "Vikram Solar commissions 350 kW rooftop solar project for Ordnance Factories unit". energy.economictimes.indiatimes.com. 27 March 2018. Retrieved 13 September 2019.
  46. ^ "Vikram Solar commissions 100 kW Rooftop Solar project for Parijat Industries". energynext.in. 22 December 2018. Retrieved 13 September 2019.
  47. ^ "Vikram Solar commissions 130 Mw solar project for NTPC in Rajasthan". Business Standard India. 3 April 2017. Retrieved 5 November 2018.
  48. ^ "Vikram Solar commissions 80-MW plant in Gujarat". thehindubusinessline.com. 15 September 2017. Retrieved 5 November 2018.
  49. ^ "Vikram Solar commissions 20MW Solar Power Project for Jindal Aluminum in Karnataka". energy.economictimes.indiatimes.com. 12 April 2017. Archived from the original on 19 April 2019. Retrieved 13 September 2019.
  50. ^ "Vikram Solar commissions 10 MWp solar plant in Andhra Pradesh". vikramsolar.com. 13 April 2017. Retrieved 5 November 2018.
  51. ^ "Vikram Solar's Rooftop Solar Solutions aids SBI Patna to join the clean energy drive". energetica-india.net. 22 December 2017. Retrieved 13 September 2019.
  52. ^ "Vikram Solar successfully commissions India's first floating PV power plant". sunwindenergy.com. 13 January 2015. Retrieved 13 September 2019.
  53. ^ "Vikram Solar panels used on 52.6-MW Southern Current project". 24 September 2018.
  54. ^ "4.2 MW Project Commissioned in the USA with Vikram Solar Modules". 25 June 2018. Retrieved 31 March 2023.
  55. ^ "Solarserver | das Internetportal für erneuerbare Energien".
  56. ^ "5 Prestigious awards". 13 November 2020.
  57. ^ "award picture".
  58. ^ "Vikram Solar bags the CII Award for Customer Obsession - 2018". 2018.
  59. ^ "Vikram Solar awarded with 'Best Contribution in Solar Energy' by MNRE Minister at CBIP Awards". 5 January 2019.
  60. ^ "28th SD Awards Presentation Ceremony".
  61. ^ "Vikram Solar conferred with three prestigious awards".
  62. ^ "Renewable energy awards".
  63. ^ "Solar Quarter".
  64. ^ "ACAE".
  65. ^ "Vikram Solar bags Gold Certificate at Frost & Sullivan & FICCI's India Manufacturing Excellence Awards 2017". 15 December 2017.
  66. ^ "Kolkata".
  67. ^ "Renewable Energy India Awards 2017". 2017.
  68. ^ "Kolkata". 18 March 2017.
  69. ^ "ET Award". Archived from the original (JPG) on 24 January 2019.
  70. ^ "National Excellence Award". Archived from the original (JPG) on 24 January 2019. Retrieved 31 March 2023.