Rajendra Kumar Parakh, who led Vikram Solar as the chief financial officer, has been appointed as the chief operating officer for the company’s engineering, procurement and construction (EPC) division.
The budget presented today by finance minister Nirmala Sitharaman allocates an extra INR19,500 crore (US$2,602 million) to the production-linked incentive scheme for solar and notifies basic customs duty of 40% on foreign-made solar modules and 25% on cells, from April.
Venkataramana Muvvala, who worked with Vikram Solar as business head-EPC, has joined Jakson Group as chief operating officer for the engineering, procurement, and construction (EPC) business.
The Indian manufacturer has unveiled Series 10 monocrystalline PERC solar modules featuring 144 half-cells based on M10 wafer. The modules are available in monofacial and bifacial versions with a maximum efficiency of 21.33% and 21.13%, respectively.
The ground-mounted, captive solar plant, commissioned by Vikram Solar, is expected to generate 1.4 million units of electricity per year.
Adani Solar, Jakson, Premier Energies, Vikram Solar, Waaree and other Indian manufacturers are showcasing their high-output modules (from 500 W to 600+ W) at this year’s Renewable Energy India Expo 2021.
Vikram Solar has reached an overall module production capacity of 2.5 GW with the opening of a 1.3 GW fab in Chennai. The Chennai facility will produce mono PERC modules with a peak output up to 640 watts.
The government’s renewed efforts to curb solar equipment imports and upscale domestic manufacturing have started bearing fruits. The launch of the production-linked incentive (PLI) Scheme and the imposition of a basic customs duty (BCD) on imports have favored domestic capacity expansion.
Jinchen Machinery has landed module production equipment orders from leading Indian solar manufacturers. It has already installed 2 GW of production lines and plans to supply the balance within three months. The company will open an India office in Surat, Gujarat.
The Indian solar manufacturer’s Series 6 module exceeded the international quality and performance benchmarks in testing under PV Evolution Labs’ Product Qualification Program.
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