Vikram Solar’s Battery Storage Plan Analyzed
Vikram Solar, a major Indian solar panel maker, is investing heavily in battery storage. They’ve given the green light for a large investment – about 4.37 billion rupees – to build a battery factory. This factory, run by a company called VSL Powerhive, will start building batteries in Tamil Nadu, India, by 2027.
- Vikram Solar invests 4.37 billion rupees in battery storage.
- VSL Powerhive builds a 5 GWh battery factory by 2027.
- Expansion targets 30 GWh total battery production capacity.
- Backward integration: Cell manufacturing planned for 7.5 GWh.
- R&D lab focuses on innovative, future-ready battery tech.
- Investment funded by debt and equity sources.
This isn’t just a small project. Vikram Solar wants to become a leader in battery storage, which is getting more important as solar power grows. They plan to build more and more battery factories over time.
The company is also working on making its own battery cells. They plan to build a factory that can make 7.5 GWh of battery cells, but it won’t be finished until 2029. They’ll also have a special lab where scientists can work on new battery ideas.
Vikram Solar already makes a lot of solar panels – over 4.5 gigawatts! They sell their panels in 39 countries around the world. The company’s profits increased significantly in the last quarter, showing their business is growing.
Because of these big investments, Vikram Solar is hoping to become a key player in the energy market. This shows the importance of combining solar power with battery storage to create a more reliable energy system.
“Strategic investments in battery storage represent a pivotal step towards securing our long-term growth and market leadership in the evolving energy landscape.”
