Vikram Solar to Set-up 1 GW Solar Cell, Battery Manufacturing Plant in Chennai

Vikram Solar Limited will be setting up a 1 GW solar cell and battery manufacturing plant in Chennai, India.

Vikram Solar mentioned in its official press release that its upcoming plant will have an annual capacity of manufacturing 1 GW of solar cells. The company will further increase its manufacturing capacity to 5 GW. The company mentioned that this plant will have Battery Management System* (BMS) technology.

*In solar battery systems, a Battery Management System (BMS) is crucial for monitoring, managing, and protecting the battery pack, ensuring efficient energy storage and utilization.

Vikram Solar’s upcoming plant in Chennai is expected to meet the growing energy demand.

Commenting on this development, Mr. Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar, said “As per CRISIL Report, at present India meets only ~15-20% of its power requirement from renewable energy and the revised target is 50% of its energy requirements from renewable energy by 2030. To accommodate such a high proportion of variable generation in the overall energy mix, there will be a need of additional investment in battery storage”.