Vikram Solar Limited (VSL), a leading Indian solar module manufacturer, has clinched a significant order for 148.9 MW of high-efficiency solar modules from Sunsure Energy Private Limited. This development marks another milestone in India's ambitious journey towards clean energy independence.

Order Details

The order encompasses the supply of advanced M10R N-Type TOPCon modules, rated at 595 Wp, to be deployed across Maharashtra and Uttar Pradesh. These states are playing crucial roles in advancing India's clean energy ambitions. The delivery is expected within 60 days from the Notice to Proceed, likely by January 2026.

Project Scope and Impact

This project aligns with India's target of achieving 500 GW of non-fossil fuel capacity by 2030. It's expected to drive local economic impact through:

• Enhanced clean power access
• Reduced carbon emissions
• Improved energy security

Vikram Solar's Market Position

Vikram Solar has been securing significant orders, strengthening its position in the Indian solar market:

With a cumulative production capacity of 4.5 GW, Vikram Solar has established a strong presence across 39 countries. The company is recognized as a 'Top Performer' in PVEL's PV Module Reliability scorecard 2025 and is listed as a Tier 1 solar PV modules manufacturer by Bloomberg NEF.

Sunsure Energy: Powering India's Green Transition

Sunsure Energy, founded in 2014, is making significant strides in India's renewable energy sector:

• Backed by Partners Group AG with a $400 million equity commitment
• 600 MW of operational assets
• 7.10 GW under various stages of development
• Targeting 10 GW capacity by 2030

Industry Perspectives

Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar, emphasized the importance of this collaboration: "By combining technological excellence with strong industry partnerships, we are not just accelerating project execution but also strengthening the collective ecosystem that will power India's clean energy future."

Manish Mehta, Co-Founder & Chief Commercial Officer at Sunsure Energy, highlighted their mission: "At Sunsure, our mission is to empower India's industries with reliable, round-the-clock green energy by building large-scale renewable plants equipped with superior-quality modules and advanced BESS technologies, while upholding the highest standards of operational excellence."

As India recently crossed the 125 GW renewable energy capacity mark, this partnership between Vikram Solar and Sunsure Energy represents a significant step forward in the nation's clean energy journey, showcasing the vital role of collaboration in driving sustainable progress.

Vikram Solar , a leading Indian solar module manufacturer, has announced ambitious production targets for fiscal year 2027 (FY27) as part of its strategic growth plan. The company aims to significantly expand its manufacturing capabilities in both module and cell production.

Production Targets

Vikram Solar has set the following production targets for FY27:

These targets represent a substantial increase from the company's current production capacity, which stands at 4.5 GW for module manufacturing as of FY25.

Strategic Expansion

The announcement of these targets comes as part of an investor update, signaling the company's commitment to scaling up its operations to meet the growing demand for solar energy solutions. This expansion aligns with India's push for renewable energy and the government's emphasis on domestic manufacturing in the solar sector.

Market Position

Vikram Solar's ambitious targets reflect its intention to strengthen its position in the solar manufacturing industry. The company has been a key player in India's solar sector, with a presence across 39 countries and recognition as a Tier-1 solar PV module manufacturer by Bloomberg NEF.

Financial Performance

While specific financial details related to this expansion were not provided, it's worth noting that Vikram Solar recently reported strong financial results for Q2 FY26:

• Revenue grew by 93.70% year-on-year to ₹1,109.90 crore
• EBITDA increased by 225.90% to ₹235.00 crore
• PAT showed significant growth, rising by 1,636.50% to ₹128.50 crore

These robust financial figures suggest that the company is well-positioned to pursue its expansion plans.

Industry Outlook

The solar industry in India is experiencing significant growth, driven by government initiatives and increasing adoption across sectors. Vikram Solar's expansion plans align with the broader trend of capacity enhancement in the domestic solar manufacturing sector.

As the company moves forward with its expansion strategy, investors and industry observers will be watching closely to see how these ambitious targets translate into market share and financial performance in the coming years.