Bloomberg New Energy Finance lists Vikram Solar as a tier 1 manufacturer

KOLKATA, INDIA & MANNHEIM, GERMANY: module manufacturer Vikram Solar PV Market Outlook 2014 was compiled by Bloomberg New Energy Finance (BNEF ) listed in Q1 as a tier 1 manufacturers.

This means that products of Vikram Solar have received a non-recourse financing from banks. In photovoltaic projects, the financing is now one of the biggest hurdles.

Banks make loans usually only for very high-quality projects. To use photovoltaic modules, which are classified as " bankable ", therefore is especially important for project developers and EPCs. The renowned "PV modules Maker tiering system " - Study by Bloomberg subdivided module manufacturer according to their prior bankability in three classes and thus makes the complex market of solar manufacturers, project developers and EPCs transparent.

"Worldwide increases in module prices and the trade disputes with China have meant that buyer now attract suppliers from other countries into consideration. Encourage their banks to consider the due diligence also of suppliers with whom the banks had been nothing to do . Some these providers, including Vikram solar have the due diligence process consisted of three different banks in the past two years and were therefore included in our Tier 1 list," said Bloomberg New Energy Finance.

"Despite the global consolidation of the solar market, there are still many module manufacturers. For customers, it is very difficult to identify from this mass of providers a reliable and trustworthy brand. The classification by Bloomberg is for developers and EPCs a very transparent and efficient way to form an opinion on the quality of module manufacturers," says Gyanesh Chaudhary, MD of Vikram Solar.

"We are proud that we have received by the trust of banks, investors and customers the Tier 1 status," explains Davide Marro, head of Sales and Business Development Europe by Vikram Solar.

"The high quality of our products, we guarantee through numerous rigorous inspection and test procedures. As the only Indian manufacturer we managed to completely prevent the potential -induced degradation of the modules. We have specially developed a proprietary process for the selection of our components. Our modules are certified by TÜV Rheinland as PID - resistant."

The effect of the potential induced degradation (PID) occurs in crystalline silicon cells and can result in a performance loss of up to 60 percent.