Kolkata-based solar module manufacturer, Vikram Solar, on has just installed a 1.3gigawatt (GW) solar photovoltaic (PV) module manufacturing unit at Indospace Industrial Park, Oragadam, Tamil Nadu.
With this unit, the company’s module manufacturing capacity has touched 2.5 GW, which is currently the largest in India. So far, the solar firm has shipped over 3.5 GW solar modules globally and also has a 1.2-GW manufacturing facility in Falta, West Bengal.
According to the company, the new facility will not just strengthen Vikram Solar’s capacity but also further the nation’s solar manufacturing prowess and ecosystem. It will also help to bridge the demand-supply gap for modules, apart from propelling technology innovation, job creation and aid the country’s renewable energy targets.
“We believe that the exponential demand surge for solar energy coupled with a clarion call globally to diversify trade markets and supply chain presents a huge opportunity for indigenous solar manufacturing,” said Gyanesh Chaudhary, Managing Director, Vikram Solar.
He added that the new facility will create about 1,000 jobs. Further it would also act as a research and development platform for next-generation module technology.
“We have implemented digital production display boards, the Internet of Things, Artificial Intelligence enabled inspection for zero defect amongst various such emerging technologies,” it added.
Talking about its future plans, over the next four-to-five years, Vikram Solar is looking to add another 3-3.5 GW capacity with an estimated investment of close to Rs5,000 crore. The additional capacity of 3 GW is likely to come up close to the existing unit in Tamil Nadu.
According to Saibaba Vutukuri, Chief Executive Officer, Vikram Solar, adoption of renewable energy has been happening at a fast pace and the demand has been growing. “Our capacity utilisation is close to 70-80 per cent at present and we are expecting capacity utilisation of 80-85 per cent at the new facility since we have a good order book for the next 18-24 months,” Vutukuri said in a virtual press conference.