India Allocates 39.6 GW PV Under PLI Tranche-II
Indosol, Reliance & First Solar Among Winners Of India’s Production Linked Incentive Scheme, Round 2
Tuesday, 28 Mar 2023
India has announced INR 139.4 billion ($1.7 billion) financial support for 39.6 GW of new vertically integrated solar manufacturing capacity under Solar Energy Corporation of India (SECI) managed Production Linked Incentive (PLI) scheme tranche-II se.
India PV News Snippets
Vikram Solar Secures 350 MW US Module Supply Order & More From Hero Future, RUMSL, REC
Friday, 23 Sep 2022
Vikram Solar has secured an order to supply 350 MW modules to an IPP in US; Hero Future Energies will get $450 million investment from Hero Group and KKR; RUMSL’s 750 MW hybrid wind-solar project auctioned, according to Mercom; India has given Maharatna status to CPSE REC.
India PV News Snippets
IEEFA & JMK Research Claim India Installed 1.9 GW RE Open Access Capacity In FY 2022 & More From Renkube, Cleantech, MNRE, Vikram Solar
Friday, 19 Aug 2022
Solar technology startup Renkube raises $300,000; India installed 1.9 GW renewable energy open access capacity in FY 2022; Cleantech Solar & Saint-Gobain India partner for solar; MNRE updates ALMM list; Vikram Solar gets SEBI nod for IPO.
Vikram Solar Gets New Chief Executive Officer
ReNew Power’s CTO Ivan Saha Re-Joins Vikram Solar, This Time As CEO
Tuesday, 05 Jul 2022
The Chief Technology Officer (CTO) of ReNew Power Private Limited, Ivan Saha has come back to its alma mater Vikram Solar as the company’s chief executive officer (CEO), where he previously worked as the president and CTO between 2013-2020.
Vikram Solar Planning IPO In India
Indian Module Producer Files Draft IPO To Fund 2 GW Manufacturing Capacity Expansion
Friday, 25 Mar 2022
Indian solar PV module producer Vikram Solar plans to raise up to INR 15 billion ($196 million) to support its new 2 GW integrated cell and module fab in Tamil Nadu.
Vikram Solar Elevates CFO To COO
Rajendra Kumar Parakh Announced Vikram Solar’s COO For EPC Division
Wednesday, 09 Mar 2022
Vikram Solar Limited, the Indian solar module maker and EPC service provider, has appointed Rajendra Kumar Parakh as the company’s chief operating officer (COO) for the EPC business division.
Vikram Solar Expands Module Production Capacity By 1.3 GW
Vikram Solar Starts 1.3 GW Solar Module Production Fab In Tamil Nadu As Part Of 3 GW Integrated PV Manufacturing Plans; Claims To Have Become ‘Largest’ Indian PV Module Producer With 2.5 GW Capacity
Tuesday, 20 Jul 2021
Having 1.2 GW already operational solar module manufacturing capacity in the Indian state of West Bengal, module manufacturer Vikram Solar Limited has now expanded its annual capacity by another 1.3 GW with a new production facility in Tamil Nadu.
India PV News Snippets: MNRE, Vikram Solar, IHS, PLI Scheme
MNRE Modifies 12 GW CPSU Scheme Phase-II & Extends Renewable Project Completion Deadline Due To COVID-19; Vikram Solar Energizes 85 MW Solar For NTPC; India On 6th Spot Of IHS Markit’s Renewables Investment Attractiveness List; PLI Scheme Expanded To Battery Storage
Friday, 14 May 2021
CPSU scheme amended: The Ministry of New and Renewable Energy (MNRE) has introduced amendments to the Central Public Sector Undertaking (CPSU) Scheme Phase-II under which it plans to procure 12 GW of grid connected solar PV capacity for self-consumption or for use by government entities (see India Details 12 GW CPSU Scheme Phase-II).
Vikram Solar Launches 505W Solar Modules
Indian Solar Panel Maker Vikram Solar Introduces Series 6 Solar Modules Using 166mm Cells With 505W Power Output; Reserves 120-Cell Variant Only For US & Global Markets
Wednesday, 06 Jan 2021
Vikram Solar of India has launched a new solar module series calling it Series 6 with a power output of 505W based on M6 or 166mm wafer format and said these to have between 18.34% to 21.02% efficiency.
New CRO For India’s Vikram Solar
Vikram Solar Expands Management Team With Suman Nag Appointed As Chief Revenue Officer To Develop & Implement Commercial Strategy
Tuesday, 09 Jun 2020
Before joining Vikram Solar, Suman Nag (in the picture) worked in leadership roles with Suzlon, ThyssenKrupp, Mercedes benz and GE.
Vikram Solar Appoints New Chief Executive Officer
Saibaba Vutukuri Joins Vikram Solar As CEO, Leaving Managing Director Gyanesh Chaudhary With Time To Take On A More ‘Strategic’ Role
Thursday, 06 Feb 2020
Saibaba Vutukuri (in the picture) has joined Vikram Solar from Inox Wind Ltd., where he was the President and CEO-Diversification.
Vikram Solar Brings In VP For Global Growth
Ravindra Anil Vaidya Joins India’s Vikram Solar As Vice President Global Markets To Strengthen Company’s International Presence While Stationed At Singapore
Wednesday, 03 Jul 2019
Ravindra Anil Vaidya has been hired by Vikram Solar to look after Indian module maker's global market strategy.
Developers Take Legal Route Against Safeguard Duty
Hero Future Energies & Vikram Solar Join ACME Solar To Contest India Government’s Decision To Levy Solar Safeguard Duty
Sunday, 05 Aug 2018
In May 2018, the Ministry of New and Renewable Energy (MNRE) had confirmed to the Delhi High Court that interests of all stakeholders will be covered if in future there is a need to impose safeguard duty (see No Safeguard Duty On Solar Imports In India).
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UK based @FirstTinPlc is exploring a tin mining project within New England Renewable Energy Zone in #NewSouthWales powered by #renewableenergy, especially #solarpower to be used ...during daytime, estimated to cost it less than grid or diesel power #Australia https://taiyangnews.info/markets/renewable-energy-for-tin-mining-in-australia/
Ireland to abolish #ValueAddedTax on new solar panels & their installation for households which is estimated to save them €1,000, announced Environment Minister @EamonRyan; ...@ire_isea welcomes the news #Solar #Ireland #solarenergy https://taiyangnews.info/markets/now-no-vat-on-solar-in-ireland/
The parliamentary group in German Parliament Bundestag, comprising both CDU and CSU parties, has proposed the latter to clear what is terms a ‘Sun Package’ through which ...regulatory & permitting can be simplified for faster expansion of #Solar in #Germany https://taiyangnews.info/markets/demand-for-sun-package-in-germany/
Japanese solar financier, developer and operator Shift Energy Japan has contracted solar software service provider @solargis to provide satellite based solar data & PV ...simulation services to evaluate feasible project pipeline in Japan and Southeast Asia https://taiyangnews.info/technology/solar-data-simulation-services-for-sej/
#India will achieve self-sufficiency for solar PV module demand by FY 2026 as nameplate module manufacturing capacity grows to 110 GW and it can cater to overseas markets as a ...'viable alternative' to China for quality & price: @ResearchJmk @ieefa_institute https://taiyangnews.info/business/india-could-compete-with-chinese-pv-in-next-3-years/