Vikram Solar achieves a milestone of 1 GW solar manufacturing capacity
New Delhi, June 13, 2017
Aspires to further expand its capacity to 2 GW by 2020.
New Delhi, 13 June, 2017: Vikram Solar, the globally recognized and India’s leading solar energy solutions provider, reached 1GW of manufacturing capacity. This feat is a major contribution towards the 100 GW target set by the Indian government by 2022. With this accomplishment, Vikram Solar cements its position as a forerunner of the Indian Solar energy segment, which is emerging to be the largest PV markets in the world.
With a capacity of 1 GW, Vikram Solar Pvt. Ltd is well equipped to cater not only to the Indian needs, but also contribute to the International solar industry.
Expressing his delight on this feat, Gyanesh Chaudhary, MD & CEO, Vikram Solar said, “For the past decade we have been toiling away, shaping the solar landscape in the country, with our high efficiency modules ‘made in India’. Today we pride ourselves in being an Indian company to have fortified manufacturing capacity to 1GW. India has today come into its own as one of the largest emerging PV markets in the world and we are geared up to do our bit in the ‘Make in India’ initiative as well.”
“In our endeavor to contribute to our make in India commitment, we aspire to expand our capacity to 2GW by FY 2020” – he further added.
Vikram Solar is driving the manufacturing excellence in the Indian solar industry while bringing forth best in class technology backed by an aggressive R&D. During FY 2016-17, the company reported close to INR 1700 crores revenue, a significant increase compared to INR 900 crores in FY 2015-16.
This was a result of enhanced scale and global scope of operations. In just a decade’s time, Vikram Solar has contributed to shaping the solar revolution, not only in India, but across 5 continents.
About Vikram Solar
Vikram Solar is a leading solar energy solutions provider, specializing in high efficiency PV module manufacturing and comprehensive EPC solutions. With international presence in 5 continents, the company is an active contributor in shaping the solar revolution across continents. Carrying forward the extensive manufacturing experience of the Vikram Group, Vikram Solar, since 2006, is building on a 4-decade-old success story. Vikram Solar’s annual PV Module production capacity stands at 1 GW, and the company is further expanding it to 2 GW by FY 2020. The company’s products are designed to the highest standards of quality, reliability and performance. As a fully forward- integrated Solar EPC contractor, Vikram Solar deploys world- class technology to design, install and commission solar projects worldwide.