Vikram Solar, a leading solar PV module maker, is powering up Maharashtra. On April 23, 2025, the company secured a 150 MW order from Maharashtra State Power Generation Co. Ltd (MAHAGENCO). This deal boosts the state’s renewable energy capacity. Here’s what’s happening and why it’s a big win.
A 150 MW Solar Deal
Vikram Solar will supply high-efficiency solar modules for the project. The modules will be installed in Jalgaon and Solapur districts under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0). “The commencement of the order delivery is set to be in the FY25-26,” an ET EnergyWorld report stated. This project aims to power agricultural pumps with clean energy, helping farmers.
Why It Matters
Maharashtra is a solar hotspot. It accounted for 8% of India’s 25.2 GW solar additions in 2024, per a Mercom report. This 150 MW order adds to that growth. “We view Maharashtra as a high-potential market with a rapidly growing appetite for renewable energy,” said Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar. The project supports India’s 500 GW non-fossil fuel target by 2030 while cutting emissions.
Key Highlights
- Order Size: 150 MW solar project.
- Location: Jalgaon and Solapur districts in Maharashtra.
- Timeline: Delivery starts in FY25-26.
- Program: Part of Mukhyamantri Saur Krushi Vahini Yojana 2.0.
Vikram Solar’s Track Record
Vikram Solar is a big player. The company has a 4 GW module manufacturing capacity, per its website. It’s known for advanced tech like Mono PERC and Bifacial modules. “We at Vikram Solar are focused towards contributing to national and global solar transition targets,” the company states. This order follows other wins, like a 250 MW project in Rajasthan from NTPC, showing Vikram’s growing footprint.
Challenges Ahead
Solar projects face hurdles. Land acquisition, permits, and grid integration can cause delays. Supply chain issues, like sourcing raw materials, might slow things down. But Vikram Solar’s experience helps. With projects in utility, health, and education sectors, it knows how to deliver. The MSKVY 2.0 framework also streamlines approvals, easing the process.
The Bigger Picture
Maharashtra is pushing hard on renewables. The state has completed 1,359 MW of solar projects, benefiting 2.14 lakh farmers with daytime power, per an earlier ET EnergyWorld report. MSKVY 2.0 aims for 16,000 MW by 2026. Vikram Solar’s 150 MW order is a piece of that puzzle. It also aligns with India’s broader clean energy goals, as the country added 220.10 GW of renewable capacity by March 2025, per MNRE data.
Vikram Solar’s 150 MW win is a bright spot for Maharashtra. With delivery set for FY25-26, the project will power farms and cut emissions. It’s another step toward a greener India, one solar panel at a time.
