With an International presence in 4 continents, Vikram Solar is an active contributor in shaping the solar revolution. Under the dynamic and visionary leadership of Gyanesh Chaudhary, Managing Director and CEO, Vikram Solar the company is set to expand beyond boundaries.
Rich legacy and extensive manufacturing experience of the Vikram Group has imbued Vikram Solar to offer quality solutions contributing to global solar revolution since 2006.
Vikram Solar was born with the idea that solar energy is not just an option anymore; it is a necessity to protect our environment and satisfy the growing energy consumption rate.With this core value, Vikram Solar manufactures high quality solar modules and contributes to the global energy shift. The journey of this Indian company gone global has been very interesting and inspiring. Vikram Solar was established in 2006. Within just three years, in 2009 they made their first mark in international solar industry and established an office in Germany- Vikram Solar GmbH. In 2010, Vikram Solar stepped in international EPC business to deliver comprehensive energy solutions globally. Year 2011 saw them installing a total of 3 MW solar generation capacities in India. In 2013 they contributed to the solarisation of the world’s first fully solarized airport Cochin International Airport, Kerala, India. They also installed utility scale 40 MW power plants in Rajasthan that year. In 2014 they offered India its very first floating solar panel in West Bengal, introducing the idea of utilizing water bodies to harvest solar energy in wake of ever-decreasing land availability. In 2015, they successfully completed India’s largest airport rooftop solar installation at Netaji Subhash Chandra Bose International Airport, Kolkata and in the same year, they reached 0.5 GW annual PV module production capacities and announced a 2 GW by FY 2020 manufacturing capacity goal.
Being awarded the National Excellence Awards from MNRE in 2016 as a domestic solar module manufacturer is a testimony of their hard work.
Vikram Solar manufactures quality solar PV modules ranging from 10 Wp to 345 Wp. Their standard product range is divided in three tiers- 72 Poly cell module, 60 Poly cell modules, 36/18 Poly cell module. Their manufacturing capacity stands at 0.5 GW today and they are also a comprehensive solar EPC solutions provider, with an installed capacity of over 130 MW in India. Vikram Solar is a firm believer of quality research. They have invested more than INR 100 million in Research &Development and product certifications. Through their research, they saw some distinctions in preferences and requirements for solar modules around the world. Hence they decided to cater all of these preferences, thus developing diverse products to drive both volume and margin.
To cater to the highly demanding Indian solar energy sector, Vikram Solar has already initiated the expansion of their second manufacturing facility in Falta, West Bengal. Their new facility is being equipped with latest equipment and machinery to enhance the efficiency in manufacturing modules. This will allow them to reach their 1GW annual manufacturing capacity goal in a compressed time frame.
Presently Vikram Group has presence in 32 countries and has entered into technology and infrastructure collaborations with Fraunhofer ISE in Germany, Meyer Berger, Centrotherm and they are also a part of HDPV Alliance, in USA. These collaborations will bring innovations in module manufacturing through research and knowledge sharing.
Gyanesh Chaudhary asserts that it is not just the quality that has made them an industry leader but their responsible and dynamic team members.
The team maintains precision in project completion timelines and execution guidelines. They are stickler about meeting industry standard protocols. Plus, he also attribute their success to state of art modern manufacturing facilities. Stringent supplier evaluation processes help them to buy quality products and manufacture best in class modules.
As a domestic manufacturer, Vikram Solar is focusing on sustainability in Indian solar growth. But they are worried that low bids might increase the access of low quality imported modules in the industry (as India doesn’t have a uniform law against dumping). They believe that India should focus on long term sustainability of solar energy generation (which low quality modules are unable to provide) and development of domestic manufacturing capacity, rather than reducing bid prices any lower. They also believe that there are certain issues that Government needs to address first. Land scarcity, lack of closer industry-government cooperation, slow skill development, complexity of subsidy structures, delays in land acquiring processes, and lack of safe guards against solar equipment (module) dumping are few of these issues that are slowing down the growth of solar in India.
Gyanesh Chaudhary suggests that to remedy these problems, Government should invest in creating land banks, making it easier for the companies to build factories.
Although, Government is welcoming suggestions from private companies to improve its solar development strategies, more active involvement from both parties are required. Today there are skill development campaigns in India like ‘Suryamitra Skill Development Programme’, but we need more industrial training institutions to see Prime Minister Shri Narendra Modi’s dream of creating 50,000 skilled solar workers into fruition. A uniform policy structure for subsidies can also help domestic manufacturers and encourage new entrepreneurs to build solar companies.
Nonetheless he is very optimistic about the Government backed policies, regulations, and initiatives.
As solar industry is dynamic in nature new challenges appear frequently. Intensifying global competition can be identified as the biggest challenge for Indian solar entities. But, Vikram Solar doesn’t see it as challenge, they see it as an opportunity to grow with the global solar industry. Their dynamic team and stringent quality maintenance standards support them in claiming a bigger share in Industry in the coming years. They have implemented a structured workflow and practice industry accepted protocols. Vikram Solar use their hands on experience in handling projects- of different design and stature to ensure their clients uninterrupted execution. They focus on timely delivery and have a strong track record that shows their commitment to quality.