Overview of Vikram Solar Ltd.

Vikram Solar's Journey

2005: Incorporation Vikram Solar begins its journey towards revolutionizing India’s solar energy landscape.

2011: Early Milestone Installed a 3 MW project under the National Solar Mission of India, marking a significant step forward in renewable energy implementation.

2013: Landmark Achievement Contributed to the solarisation of the first fully solarised airport in India – Cochin International Airport, Kerala, showcasing the potential of solar energy in large-scale infrastructure projects.

2014: Recognition and Innovation Earned the distinction of being India’s only Tier 1 module manufacturer and commissioned India’s first floating solar plant, demonstrating innovative approaches to solar energy deployment.

2015: Scaling Production Reached a production capacity of 500 MW/year, signaling substantial growth and commitment to meeting the rising demand for solar energy solutions.

2017: Industry Leadership Achieved a significant milestone by reaching a production capacity of 1 GW/year, solidifying its position as a leader in the Indian solar industry.

2019: Expansion and Impact Commissioned a 200 MW plant in Andhra Pradesh and East India’s largest single shed rooftop project, totaling 2.15 MW, contributing to both utility-scale and distributed solar energy generation.

2021: Scaling New Heights Reached a production capacity of 2.5 GW, firmly establishing itself as one of India’s largest solar module manufacturers, driving the nation’s transition towards clean and sustainable energy sources.

Vikram Solar's Extensive Domestic Network

With an extensive domestic presence, Vikram Solar operates across 23 states and 3 union territories in India, supported by a robust network of 42 distributors, 56 trusted resellers, and 97 empanelled system integrators

Global Expansion

Vikram Solar has expanded globally with a sales office in the USA and a procurement office in China. They’ve supplied solar PV modules to clients in 32 countries. Domestically, key clients include NTPC, Rays Power Infra, and Hindustan Petroleum, while internationally, they serve companies like Amp Solar Development Inc and Safari Energy LLC. Learn how Vikram Solar is preparing to start production in the US.

Business Division

1. Solar PV Module Manufacturing:

Vikram Solar manufactures high-efficiency solar modules using both monocrystalline and polycrystalline cell technology. Their products can be categorized based on the use of solar cell technology and cell size.

2. Solar EPC and Rooftop Solutions

Vikram Solar stands as one of India’s top five Engineering, Procurement, and Construction (EPC) players, leveraging over a decade of experience and a robust portfolio comprising more than 300 projects as of March 31, 2024. The company’s proficiency in executing EPC projects for solar plants is widely acknowledged, cementing its prominent position within the industry. Vikram Solar’s capabilities span the entire project lifecycle, encompassing concept development, engineering, execution, commissioning, and ongoing operations and maintenance.

3. Operation and Maintenance Services

Over the years, Vikram Solar has established a sustainable O&M business division to provide customers with forward-integrated full life cycle services. Their O&M services include repairs, ongoing maintenance, and complete operational solutions. These services are primarily offered for executed EPC projects as bundled value-add services. Vikram Solar provides these services across India and to clients in industries such as railways, airports, hospitals, defense, and automobile.

Brand Portfolio

Vikram Solar doesn’t just make solar panels – they also provide complete solar energy solutions. They’ve built over 300 solar plants and are currently working on more, totaling 1.42 GW in capacity. Plus, they take care of these plants even after they’re built, offering maintenance services for over 900 MW of solar energy projects.

They’re also big on rooftop installations, having completed over 190 projects across different areas and industries, including some impressive ones like a massive 5 MW solar carport at Maruti Udyog Limited. To make sure everything runs smoothly, they’ve sorted out their supply chain, making it easier to get the materials they need on time and at a good price.

Manufacturing Units and Expansion

1. Tier 1 Manufacturer: According to Bloomberg New Energy Finance's 2020 report, Vikram Solar is classified as a Tier 1 solar PV module manufacturer.
2. State-of-the-Art Equipment: The company utilizes advanced manufacturing equipment imported from the US, Germany, Japan, and Switzerland to ensure high-quality production.
3. In-House R&D Facility: Vikram Solar maintains an in-house research and development facility to stay ahead of industry trends and incorporate cutting-edge technology into their panels.
4. Production Capacity: Upgraded manufacturing unit's production capacity surpassed the 1 GW mark in 2017, currently standing at 1.2 GW, positioning the company among the top manufacturers.
5. Geographical Location: The manufacturing unit is located near Kolkata, facilitating efficient operations and logistics.
6. Expansion Plans: Vikram Solar has signed an MoU with the Tamil Nadu state government to establish another 3 GW manufacturing unit in the state over the next five years, demonstrating its commitment to expansion and growth.