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The latest updates from Vikram Solar

Blog

The latest updates from Vikram Solar

16th

Mar

What Will Fuel India’s Dream of Becoming the Next Global Manufacturing Hub?

The COVID-19 pandemic has dealt a damaging blow to the global manufacturing industry by reducing demand, supply, and causing workforce availability challenges. The world is restarting, implementing safe work procedures and flexible strategies. Now it is up to countries like India to stand tall and take positive actions that inspire the world to strive towards …

02nd

Feb

Union Budget 2021: Brings hope but Needs Boost on Solar

by Mr Gyanesh Chaudhary, Managing Director, Vikram Solar The Union Budget 2021 is a new hope for a country emerging from impact of the global pandemic. We are glad the Hon’ble finance minister, Shri Nirmala Sitharaman’s Union Budget for Financial Year 2021-22 (FY2021-22) focused on empowering the country to move forward in changing strategic and geopolitical landscapes with accelerated reforms. For the renewables sector, all eyes were on this budget …

11th

Jan

Vikram Solar Recommends the Union Budget 2021- 22 to Pack More Energy

While the entire Indian Renewable energy industry and especially Solar is appreciative of Government of India’s initiatives to support green energy during the pandemic, the domestic manufacturing sector requires a major boost to make the ‘Aatmanirbhar Bharat’ vision a reality. As we inch towards the Union Budget, we are hopeful of targeted initiatives and policies …

15th

Jul

Policy Changes amid COVID-19 Crisis Spells Support to the Solar Industry

COVID-19 hasn’t just caused a loss of life and untold suffering to the world, it has also brought economic damage on a scale that is suspected to surpass damage caused by 2008’s global financial crisis, globally as well as for India. Understanding the situation and its impact on our future, the world is moving towards …

11th

Mar

The Coronavirus Situation Impact On India’s Renewable Energy Industry

India’s renewable energy industry, mainly solar is suspected to see challenges ahead due to the Coronavirus outbreak. Since, India depended on Chinese firms to supply about 80% of solar cells and modules used in the country, the viral outbreak will present the issue of depletion in raw material supply to support Indian green energy future. …

02nd

Mar

Challenges That The Solar Sector or Its Consumers are Facing

A stronger existing project pipeline has encouraged Indian solar sector to move forward each year, but in terms of market fundamentals, the industry is facing tremendous challenges leading to slog in green energy adoption growth. Although, last year’s budget failed to focus on making soft loans, export credits available and did not give any inclination …

24th

Feb

Solar Manufacturing Needs Support to Realize India’s Vision

Hon’ble Prime Minister Shri Narendra Modi’s Government has been pro manufacturing from the very beginning. Initiatives like Make in India, GST, drafting National Policy on Electronics, increasing export incentives, launching phased manufacturing programme (PMP), Modified Special Incentive Package Scheme, and planning a new industrial policy under the current regime have increased the FDI inflow within …

05th

Feb

Global PV Industry Growth Trajectory: Predictions for 2020

2019 has been another winning year for the global PV industry. The sector witnessed nearly 115 GW new capacity addition in 2019, recording a 17% increase from last year’s growth. With the world becoming more aware and ready to adopt solar, the increasing flow of investment, emerging economies leaning towards green energy, and consistent drop …

29th

Jan

Current Scenario of Indian Solar Industry and What Should be The Focus Area for Government in 2020

2019 brought India new opportunities for the industry. However, we have to highlight that the country was only capable of installing less than 7 GW of solar energy capacity in the calendar year 2019, which is lower than the country’s performance in the previous year. The trade war between China and the US, inconsistent policy …

27th

Jan

India Needs To Curb Its Oil Dependence to Realize Renewable Energy Goals

India’s efforts at realizing green energy targets are facing an incredible challenge with its growing dependence on fossil fuels. The country has already become the 3rd biggest oil consumer in the world and predictions highlight India to become one of the two largest fossil fuel consumers in the world (consuming nearly 50% of global oil …

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