Vikram Solar, a provider of solar energy solutions, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Engineering Science and Technology (IIEST),
IIEST is recognized as one of the Centers of Excellence in Solar Energy by the Ministry of New and Renewable Energy (MNRE), Govt. of India.
As per the agreement, both the organizations will collaborate for the purpose of research and development for enrichment of knowledge in the area of solar photovoltaic, beneficial to both the academia and industry.
The two entities will also collaborate and identify key R&D areas to address the immediate requirements of the country, arrange seminars and training programs on solar photovoltaic with active participation of faculties and students of IIEST and scientists of VSPL.
Gyanesh Chaudhary, MD and CEO, Vikram Solar, said, “We are glad to announce this partnership. It is a proud moment for us to collaborate with the esteemed Institute for research and development purpose and in order to address the immediate requirements that the country faces in terms of developing advanced technological solar solutions.”
Commenting on this partnership, Ajoy Ray, director IIEST, said, “A grounded, well-knit, efficient and progressive Research & Development ecosystem is the building block of every kind of innovation and it also has the power to do away with an avalanche of issues that the country faces today. This is precisely why we view this partnership as an exceptionally beneficial one. We look forward to more such associations in the near future.”
Vikram Solar also announced plans to expand the manufacturing capability to emerge as the largest and the most integrated player in the PV industry in India. The company aims to reach a manufacturing capacity of 2 GW by FY 2020.