Power News We love to talk!

OCT 27 2015

Vikram Solar wins order from British Solar Renewables

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 27th OCT 2015

Solar module manufacturer Vikram Solar today said it has concluded an agreement with British Solar Renewables ( BSR) to supply modules with a total output of 30 MW.

"BSR will be installing the PID-resistant Eldora Ultima modules in their upcoming solar parks with a total output of 80 MW, to be finished by the end of March 2016," Vikram Solar said in a statement. Macquarie Bank has agreed to provide the financial backing for the projects, it said.

Before signing the supply agreement, British Solar Renewables conducted due diligence on both Vikram Solar and the Eldora Ultima modules, it added.

Vikram Solar's tier 1 status, the financial stability of the Vikram Group and the technical quality of the products were among the decisive criteria in favour of the collaboration, it said adding that the supplementary reinsurance from solar will cover replacement modules as needed.

"The collaboration with British Solar Renewables fits well with our goal of making Vikram Solar modules available across the market and recruiting the best partners in each market segment," Vikram Solar MD and CEO Gyanesh Chaudhary said in a statement.

"In Vikram we have found a technology partner who meets our high engineering standards while being cost-efficient," British Solar Renewables CEO Angus MacDonald said.


TOTAL Bombay Electricity Supply and Transport Solar

Related News

  • 2MW solar panels to power WR suburban stations in 6 months  Read more
  • 25 per cent of Tata's power generation can be from renewable sources: Chairman Cyrus Mistry  Read more
  • Transparent coal auction to help MP raise Rs 40,000 cr: Narendra Modi  Read more
  • Tata Power Solar doubles module manufacturing capacity to 400MW  Read more
  • Dept of petrochemicals should merge with oil ministry: Amitabh Kant  Read more
  • Power generation in Gujarat unaffected due to coal shortage: Saurabhbhai Patel  Read more
  • Jharkhand pays DVC, CIL dues on time, gains over 1500cr  Read more
  • Government falls way short of renovation and maintenance targets  Read more
  • NTPC eyeing distribution in Rajasthan, Haryana and Odisha  Read more
  • Solar Energy Corp of India converted into commercial entity  Read more