Power News We love to talk!
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.
- Solar training centre comes up in Bengal Read more
- Piyush Goyal to hold mid-year review of renewable commitments next year Read more
- TATA, Adani among prospective bidders Read more
- Punjab attracts Rs 3,500-crore investments for solar projects Read more
- Government readies loan recast for nine power discoms Read more
- Where the kitchen powers streetlights Read more
- Grid connected solar rooftop unit commissioned at MPMKVVL building Read more
- Manohar Jyoti: 100,000 solar lighting systems to be set up in Haryana Read more
- Govt halts subsidy on CFL to encourage LED-based solar lights Read more
- Bihar: Suggestions Invited for Consultative Paper for amendment in BERC (Terms and Conditions for determination from Solar Energy Sources) Requirement, 2010 Read more