Vikram Solar given tier one module manufacturer status

Indian PV module manufacturer Vikram Solar has been given tier one status in a boost for its bankability.

The status means three non-development banks have funded projects using Vikram modules in the past two years, according to the criteria set out by Bloomberg New Energy Finance (BNEF).

"Despite the global consolidation of the solar market, there are still many module manufacturers,” said Gyanesh Chaudhary, managing director, Vikram Solar.

“For customers, it is very difficult to identify from this mass of providers a reliable and trustworthy brand. The classification by Bloomberg, for developers and EPCs, is a very transparent and efficient way to form an opinion on the quality of module manufacturers,” he added.

BNEF said rising module prices and ongoing trade disputes with China were opening up new opportunities for other manufacturers.