Vikram Solar

Vikram Solar Limited
Limited company
Industry Solar energy
Founded 2006 (2006)
Founder Gyanesh Chaudhary
Headquarters "The Chambers", 8th Floor, 1865, Rajdanga Main Road, Kolkata, West Bengal, India[1]
Area served
 Worldwide
Key people
 Gyanesh Chaudhary
(CEO)[2]
Products Solar modules
Services Solar project engineering and construction
Revenue ₹ 17 billion (2016-2017)[3]
Website www.vikramsolar.com

Vikram Solar Limited is an Indian company based in Kolkata and the second-largest solar energy company in India by revenue.[4] It also carries out engineering, procurement and construction services and operations & maintenance of solar power plants. It is a subsidiary of Vikram Group, which also has subsidiaries in the tea processing, textiles and engineering industries.[5][6][7][8]

History

Vikram Solar was founded in 2006 by Gyanesh Chaudhary[5] as a manufacturer of solar modules, lighting systems and power packs. It has since moved into Engineering, procurement, and construction management, and solar power plant operations & maintenance.[9][10] In 2015 the company completed the first floating solar power plant in India.[11]

On October 2015 the company concluded an agreement with British Solar Renewables (BSR) to supply modules with a total output of 30 MW.[12]

On February 2016 the company partnered with Powertech Africa, an African distributor of energy technology, thereby entering 14 new markets in Sub-Saharan Africa, including Botswana, Zimbabwe and Tanzania. Vikram Solar already operates offices in Kenya, Uganda and South Africa.[13]

On June 2017 with a manufacturing capacity of 1 GW, the company has become one of the largest solar modules manufacturers in India.[14]

In March 2018 the company partnered with French Alternative Energies and Atomic Energy Commission (CEA) to enhance research and developments on high efficiency crystalline silicon cells, modules, systems and a host of high efficiency generation and storage technologies for French and Indian markets.[15]

Recognition

In January 2016, Vikram Solar was awarded the Fastest Growing Company Award for companies with a turnover between INR 300 crore & INR 1000 crore at the Economic Times Bengal Corporate Awards.[16] The company has been ranked number 1 among domestic manufacturers for module sales to rooftop solar projects in India.[17]

See also

References

  1. ↑ "Global Presence". Vikram Solar. Retrieved 13 June 2018.
  2. ↑ Arshad Khan (15 July 2016). "Vikram Solar To Invest Rs 1,000 Crore To Boost Capacity". Businessworld. Retrieved 30 July 2016.
  3. ↑ "Vikram Solar scales up manufacturing capacity to 1GW". The Hindu Business Line. 13 June 2017. Retrieved 2 September 2018.
  4. ↑ "Top 15 solar players in India". electronicsb2b. Retrieved 2016-03-29.
  5. 1 2 "Company Overview of Vikram Solar Pvt Ltd". Bloomberg Business. Retrieved 2016-03-29.
  6. ↑ Gireesh Chandra Prasad (15 June 2016). "Vikram Solar to sell shares for expansion". Mint. Retrieved 30 July 2016.
  7. ↑ "Vikram Solar commissions 40 MW plant in Madhya Pradesh". Business Standard. 12 May 2015. Retrieved 30 July 2016.
  8. ↑ Natalie Obiko Pearson (12 August 2014). "Vikram Solar to Build India's First Floating Solar Plant". Bloomberg L.P. Retrieved 30 July 2016.
  9. ↑ "Vikram Solar teams with European firms for solar cell production". PV Tech. Retrieved 2016-03-31.
  10. ↑ "Vikram Solar plans IPO by end of 2013". Business Standard. 8 April 2012. Retrieved 30 July 2016.
  11. ↑ "Vikram Solar successfully commissions India's first floating PV power plant". Building Construction Design UK. 13 January 2015. Retrieved 31 March 2016.
  12. ↑ "Vikram Solar wins order from British Solar Renewables". The Economic Times. 26 October 2015. Retrieved 30 July 2016.
  13. ↑ Debjoy Sengupta (4 February 2016). "Vikram Solar expands to 14 new Sub-Saharan countries". The Economic Times. Retrieved 30 July 2016.
  14. ↑ "Vikram Solar scales up manufacturing capacity to 1GW". 13 June 2017. Retrieved 2 September 2018.
  15. ↑ "Vikram Solar Partners with France's CEA on PV Technology R&D". 12 March 2018. Retrieved 2 September 2018.
  16. ↑ "4th ET Bengal Corporate Awards". Economic Times. Retrieved 31 March 2016.
  17. ↑ "Top solar panel suppliers in India - 2017". Loop Solar. Retrieved 20 September 2017.
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