Vikram Solar's 1.3 GW Chennai unit starts operations : vimar

Vikram Solar’s 1.3 GW Chennai unit starts operations
FE Bureau
© Provided by The Financial Express
Domestic developers have preferred to import cheaper equipment, mostly from China, to build solar plants in the country.
Vikram Solar on Tuesday inaugurated a 1,300 mega-watt (MW) module manufacturing capacity in its new facility Chennai, raising the company's production base to 2,500 MW.
The Kolkata-headquartered company said it plans to "add another 3,000 MW of integrated module, cell and wafer manufacturing capacity in the next five years," as it aims to penetrate newer global and domestic markets. The firm said that it will not be bidding for incentives for the new plant under the Centre's `4,500-crore production-linked incentive (PLI) scheme, but the upcoming planned capacities might be considered for PLI after "critical deliberations on the tenets of the scheme".

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