Vikram Solar

Vikram Solar Limited is an Indian company based in Kolkata, the largest solar module manufacturer in India (by capacity) with 2.5 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 carries out engineering, procurement and construction services and operations & maintenance of solar power plants.[6][7][8][9]

Vikram Solar Limited
TypeLimited company
IndustrySolar energy
Founded2006 (2006)
FounderGyanesh Chaudhary
Headquarters"The Chambers", 8th Floor, 1865, Rajdanga Main Road,
Kolkata, West Bengal
,
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

Vikram Solar was founded in 2006 by Gyanesh Chaudhary[10] as a manufacturer of solar modules, and it has since moved into Engineering, procurement, and construction management, and solar power plant operations & 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 in commissioning of India's largest rooftop airport installation in Kolkata.[17]

In January 2016, The company became one of three solar players by India 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 a MoU with teamtechnik.[21]

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

In November 2016, Vikram Solar announced a 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 modules 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 appointed as the Chairman of 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 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 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

Below are some of Vikram Solar's project references:

India

Abroad

Vikram Solar Supplied 4.3 MW of Modules for a solar farm in Ware, MA-USA

Vikram Solar Supplied 52.6 MW of Modules to Southern Current, USA.[52]

4.2 MW project commissioned in the US with Vikram Solar modules.[53]

312 kWp solar system installed by Finnwind Oy with Vikram Solar modules at Helsinki-Vantaa Airport.[54]

Recognition

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[55]
  • 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[56]
  • Business Leader of the Year Award by ET Now in Customer Centric Excellence category on 19 Feb
  • 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[57]
  • 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[58]
  • 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[59]
  • Dare-to-Dream Awards, Kolkata manufacturing leadership awards and Kolkata Best Employer Brand Awards on 30 October[60]
  • Leading RE Manufacturer Awards from REI event on 17 September[61]
  • Solar Module Company of the Year & Rooftop Solar EPC Company of the Year award by Solar Quarter on 18 January[62]
  • Fastest Growing Company by ET Bengal Corporate Awards on January[63]

In 2017

  • Gold Certificate of Merit by Frost & Sullivan on 13 December[64]
  • Kolkata Best Employer Brand awards by Employer Branding Institute India on 8 November[65]
  • Leading Renewable Energy Manufacturer Solar Module Awards by REI on 20 September[66]
  • CEO & MD of Vikram Solar, Mr. Gyanesh Chaudhary was conferred with Emerging Leader Award by CMA on 16 March[67]

In 2016

  • Fastest growing company in INR 300-1000 crore category by Economic Times of India[68]
  • National excellence award for Rooftop Solar Power Projects in the Domestic Solar Module Manufacturers Category by MNRE on 13 June[69]

See also

References
  1. "Global Presence". Vikram Solar. Retrieved 13 June 2018.
  2. "BQ Conversations with Vikram Solar's MD Gyanesh Chaudhary". YouTube.
  3. "Vikram Solar Owler". Owler.
  4. Mohanty, Shashwat. "largest manufacturer in India". The Economic Times.{{cite news}}: CS1 maint: url-status (link)
  5. "Top 15 solar players in India". electronicsb2b. Retrieved 29 March 2016.
  6. "Company Overview of Vikram Solar Pvt Ltd". Bloomberg Business. Retrieved 29 March 2016.
  7. Gireesh Chandra Prasad (15 June 2016). "Vikram Solar to sell shares for expansion". Mint. Retrieved 30 July 2016.
  8. "Vikram Solar commissions 40 MW plant in Madhya Pradesh". Business Standard India. Business Standard. 12 May 2015. Retrieved 30 July 2016.
  9. Natalie Obiko Pearson (12 August 2014). "Vikram Solar to Build India's First Floating Solar Plant". Bloomberg L.P. Retrieved 30 July 2016.
  10. "Company Overview of Vikram Solar Pvt Ltd". bloomberg.com. Retrieved 29 March 2016.
  11. Sengupta, Debjoy (19 October 2016). "Vikram Solar eyes Finnish markets". The Economic Times. Retrieved 13 September 2019.
  12. 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. "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. 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.{{cite news}}: CS1 maint: url-status (link)
  32. "Ranked in Fortune Next 500 list".{{cite web}}: CS1 maint: url-status (link)
  33. "Walking the talk with solar plant on manufacturing facility". The Economic Times.{{cite news}}: CS1 maint: url-status (link)
  34. "M6 cell module launch".{{cite web}}: CS1 maint: url-status (link)
  35. "225 MW solar project commissioned".{{cite web}}: CS1 maint: url-status (link)
  36. "PVEL recognition".{{cite web}}: CS1 maint: url-status (link)
  37. "Module supply data across the world".{{cite web}}: CS1 maint: url-status (link)
  38. "Largest solar manufacturer in India".{{cite web}}: CS1 maint: url-status (link)
  39. "Vikram Solar commissions 200 MW solar project for APGENCO". pv-magazine-india.com. Retrieved 12 March 2019.
  40. "Vikram Solar commissions 10 MW solar project in Itarsi". energy.economictimes.indiatimes.com. Retrieved 5 November 2018.
  41. "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.{{cite news}}: CS1 maint: url-status (link)
  42. "Vikram Solar commissions 10-Mw project for ONGC in Gujarat". India Times. 6 September 2018. Retrieved 23 June 2021.
  43. Gupta, Anand (18 September 2018). "Vikram Solar Commissions 1461 kW Rooftop Solar projects for Century Plyboards". eqmagpro.com. Retrieved 13 September 2019.
  44. "Vikram Solar commissions 350 Kw rooftop solar project for Ordnance Factories unit". energy.economictimes.indiatimes.com. 27 March 2018. Retrieved 13 September 2019.
  45. "Vikram Solar commissions 100 kW Rooftop Solar project for Parijat Industries". energynext.in. 22 December 2018. Retrieved 13 September 2019.
  46. "Vikram Solar commissions 130 Mw solar project for NTPC in Rajasthan". Business Standard India. 3 April 2017. Retrieved 5 November 2018.
  47. "Vikram Solar commissions 80-MW plant in Gujarat". thehindubusinessline.com. Retrieved 5 November 2018.
  48. "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.
  49. "Vikram Solar commissions 10 MWp solar plant in Andhra Pradesh". vikramsolar.com. Retrieved 5 November 2018.
  50. "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.
  51. "Vikram Solar successfully commissions India's first floating PV power plant". sunwindenergy.com. 13 January 2015. Retrieved 13 September 2019.
  52. "Vikram Solar panels used on 52.6-MW Southern Current project". 24 September 2018.
  53. http://www.nacleanenergy.com/articles/31403/4-2-mw-project-commissioned-in-the-usa-with-vikram-solar-modules. {{cite web}}: Missing or empty |title= (help)
  54. "Solarserver | das Internetportal für erneuerbare Energien".
  55. "5 Prestigious awards". 13 November 2020.{{cite web}}: CS1 maint: url-status (link)
  56. "award picture".{{cite web}}: CS1 maint: url-status (link)
  57. "Vikram Solar bags the CII Award for Customer Obsession - 2018". 2018.{{cite web}}: CS1 maint: url-status (link)
  58. "Vikram Solar awarded with 'Best Contribution in Solar Energy' by MNRE Minister at CBIP Awards".{{cite web}}: CS1 maint: url-status (link)
  59. "28th SD Awards Presentation Ceremony".{{cite web}}: CS1 maint: url-status (link)
  60. "Vikram Solar conferred with three prestigious awards".{{cite web}}: CS1 maint: url-status (link)
  61. "Renewable energy awards".{{cite web}}: CS1 maint: url-status (link)
  62. "Solar Quarter".{{cite web}}: CS1 maint: url-status (link)
  63. "ACAE".{{cite web}}: CS1 maint: url-status (link)
  64. "Vikram Solar bags Gold Certificate at Frost & Sullivan & FICCI's India Manufacturing Excellence Awards 2017". 15 December 2017.{{cite web}}: CS1 maint: url-status (link)
  65. "Kolkata".{{cite web}}: CS1 maint: url-status (link)
  66. "Renewable Energy India Awards 2017". 2017.{{cite web}}: CS1 maint: url-status (link)
  67. "Kolkata".{{cite web}}: CS1 maint: url-status (link)
  68. https://35bjjk3fzaio4epare24j5l9-wpengine.netdna-ssl.com/wp-content/uploads/2016/03/ET-Awards-2016.jpg. {{cite web}}: Missing or empty |title= (help)
  69. https://35bjjk3fzaio4epare24j5l9-wpengine.netdna-ssl.com/wp-content/uploads/2016/06/National-Excellence-Award-1.jpg. {{cite web}}: Missing or empty |title= (help)
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