Vikram Solar strikes distribution deal with US firm

vikram solar

Indian solar photovoltaic module manufacturer Vikram Solar and Clean Energy Distribution of Denver have signed a master distribution agreement for 20 MW of residential and commercial photovoltaic installations.

Under the agreement, Vikram Solar is to supply photovoltaic modules until December next. And, by the end of this year the company will complete shipping modules of 8MWp capacity.

Clean Energy Distribution of Denver has stated that it was counting on the higher harvesting density, superior performance and longevity of Vikram modules to help grow its business, too.

In India, Vikram Solar has made significant contributions to the solar industry. Modules manufactured by the company were used in “India’s first floating solar power plant” commissioned at the beginning of this year. The project was part of a research and development installation.

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The project was piloted in cooperation with the Arka Renewable Energy College in Kolkata. The floating power plant uses 1 kW fiberglass PV modules to produce 14 MWh of solar power annually.

In May Vikram Solar announced plans to increase output in West Bengal by more than thrice by the end of this fiscal. According to Gyanesh Chaudhary, the MD and CEO of Vikram Solar, the company planned to complete phase-1 expansion of its unit at Falta by August. The production capacity is to be increased by 250 MW.

Vikram Solar currently has an installed production capacity of 150 MW. By 2018, the company plans to further expand its production capacity to 1.2 GW by way of a project funded in 60:40 debt-to-equity ratio.

Vikram Solar had also announced plans to expand to other states including Rajasthan, Madhya Pradesh and Tamil Nadu.

Ajith Kumar S