Clean Power Solar Panels Closeup

Published on July 7th, 2014 | by Mridul Chadha


Indian Solar Module Manufacturer Vikram Solar Expands Into International Markets

July 7th, 2014 by  

Solar Panels Closeup

Indian solar photovoltaic module manufacturers had hoped for a substantial increase in sales when the government announced the ambitious National Solar Mission a few years ago. The mission document had specifically mentioned promotion of domestic solar energy equipment as one of the aims. After 2.6 GW of solar power installation, the Indian market is flooded with cheaper imported modules and equipment, and the majority of the module manufacturing capacity sitting idle.

Vikram Solar is among the largest manufacturers of solar PV modules in India with a capacity to produce 150 MW of modules every year. Right now, the company is producing only 75 MW of modules due to lack of demand from project developers in India. A number of Indian project developers have opted for cheaper Chinese modules or modules manufactured by American companies as US development banks have provided low-interest loans to the projects.

With this in mind, it seems, the management of Vikram Solar decided to expand its footprint to new and emerging markets. Recently, the company has signed agreements to supply solar power equipment to the Middle East market and has also entered the European market through a solar rooftop project in Ireland.

Vikram Solar has signed a distributorship agreement with Unidaan FZ to provide solar energy equipment in the Middle East and North Africa region. Unidaan sells power generation equipment and spare parts in the region. The move seems to be a step in the right direction, as the region is one of the fastest growing solar power markets.

The company also recently completed a rooftop solar power project for the University of Dublin. The company sees Ireland as a market with huge potential as the government has committed the country for 40% renewable energy share by 2020.

With the completion of this rooftop solar power project the company would hope to expand its base in the country. The company is also a provider of engineering, procurement and construction (EPC) and has developed a utility-scale solar PV project under India’s National Solar Mission.

While the Indian government has set aside some solar power capacity specifically to be developed through domestically manufactured equipment, the module manufacturers want anti-dumping subsidies levied on imported modules. The government has been dragging its feet over the implementation such duties. In such a case, expanding into new markets seems to be a wise move on the part of the manufacturers.

Image credit: Solar panels via Waynenf | CC by 2.0 
Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.


Tags: , , , ,

About the Author

currently works as Head-News & Data at Climate Connect Limited, a market research and analytics firm in the renewable energy and carbon markets domain. He earned his Master’s in Technology degree from The Energy & Resources Institute in Renewable Energy Engineering and Management. He also has a bachelor’s degree in Environmental Engineering. Mridul has a keen interest in renewable energy sector in India and emerging carbon markets like China and Australia.

  • Matt

    They can’t compete in India where they make the panels, but think they can in markets outside India? They are not going to win going head to head with Yingli in any market. Sounds like they they would be better to setup a lot of micro grid across India, where the users pay them over a long period based on saving from the micro grid use. Once they get the system worked out they could do the same in Africa. Yes it a different Biz model, but waiting for government import fee to happen, when India needs all the solar it can get, is not going to pull them out of the fire.

  • JamesWimberley

    I wish Vikram luck. They will need it. Their annual capacity of 150MW is tiny by the standards of first-tier producers. Yingli, the largest, shipped over 3 GW in 2013, JA Solar, in tenth position shipped 1.2 GW.

Back to Top ↑
  • Advertisements

  • Top Posts & Pages

  • Cool Cleantech Events

    Low Voltage Electrification Event, April 25-27. Detroit, Michigan (US)
    Delve deep into the benefits and challenges associated with EV power supply.

    Offshore Wind Market Development USA, May 11-12, Boston, Massachusetts (US)
    Network and establish your business in one of North America’s largest energy industries.

    Energy Storage USA, June 15-16, San Diego, California (US)
    Only event in the United States focused exclusively on the commercialization of storage.

    More details are on: Cleantech Events.

  • Advertisement

  • CleanTechnica Electric Car Report

    Electric Cars Early Adopters First Followers
  • Tesla Model 3 Review by EVANNEX

    Tesla Model 3 Review from EVANNEX
  • Tesla Model 3 Exclusive Video

    Tesla Model 3 Video
  • Tesla Model 3 Exclusive Pictures

    Tesla Model 3 Video
  • Tesla Model X Review #1 (Video)

    Tesla Model X Review from new owners Zach Shahan
  • Tesla Model X Review #2 (Pictures)

    Tesla Model X Review from Kyle Field
  • Tesla Model S Long-Term Review

    Tesla Model S Long Term Review from Kyle Field
  • Nissan LEAF Long-Term Review

    Nissan LEAF Long Term Review from Cynthia Shahan
  • Interview with Michael Liebreich

    Interview with Michael Liebreich
  • Interview with Akon (Teslas & Solar)

    Interview with Akon Tesla Model S Tesla Model X Solar Power Africa
  • Interview with Dr Nawal Al-Hosany

    Interview with Dr Nawal Al-Hosany
  • Interview with Gro Brundtland

    Gro Brundtland
  • Interview with President of Iceland

    President of Iceland Ólafur Ragnar Grímsson
  • Interview with Nick Sampson

    Faraday Future VP Nick Sampson
  • Interview with Dipal Barua

    Dipal Barua 1st ZFEP WInner
  • Interview with Jonathon Porritt

    Jonathon Porritt
  • Interview with Clint Wilder

    Interview with Clint Wilder
  • Interviews with Solar Impulse Pilots

    Bertrand Piccard Andre Borschberg
  • Check out more CleanTechnica Videos.

  • Join The Solar Revolution!

    Edison-solar-energy solar-energy-spill-nice-day
  • Cost of Solar Panels

  • Search the IM Network