Thursday, May 2, 2024

Vikram Solar Secures Strategic 250 MW Module Supply Deal with Gujarat Industries Power Company Limited

Kolkata, India 2nd May 2024: Vikram Solar, a prominent leader in the Indian solar module manufacturing sector, is excited to announce a significant achievement—a 250 MW order win from Gujarat Industries Power Company Limited (GIPCL). The company has successfully received the Letter of Intent (LoI), signalling a major advancement in enhancing India's solar energy capabilities and supporting the country's ambitious solar objectives.

The modules to be supplied under this agreement fall within the Approved List of Models and Manufacturers (ALMM), featuring high-efficiency panels.  This collaboration is set to catalyze the development of solar energy infrastructure in Gujarat.

Mr. Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar, expressed his enthusiasm about the partnership, stating, “We are thrilled to secure this order, which reinforces the strong and enduring relationship between Vikram Solar and GIPCL. This new agreement underscores their confidence in our capabilities and commitment to excellence. Our focus remains on innovation, performance, and customer satisfaction. As India progresses towards its green energy objectives, we are optimistic about future prospects and are ready to play an integral role in transforming India's renewable energy landscape and enhancing its stature as a global leader in sustainable practices.”

Under the terms of the agreement, Vikram Solar will manufacture, test and deliver high-efficiency, bifacial solar PV modules employing cutting-edge technology with the range of minimum module capacity of 540Wp and maximum module capacity of 570Wp. These modules will be deployed at the MW RE Park in Village Khavda, in the vast expanses of the Great Rann of Kutch, Gujarat.

About Vikram Solar:

Vikram Solar Limited is one of the leading solar energy solutions provider, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 32 countries, portfolio of 1.42 GW EPC projects (commissioned + under execution) and 1,899 employees. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturer in India with cumulative production capacity of 3.5 GW. Vikram Solar is a ‘Top Performer’ in PVEL’s PV module reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of BloombergNEF. Vikram Solar deploys technology to design, install and commission solar projects. The company has a distribution network connecting more than 40 cities, ensuring the availability of solar products and solutions across 600+ locations in India. Website: 


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