Before signing the supply agreement, British Solar Renewables conducted due diligence on both Vikram Solar and the Eldora Ultima modules. Vikram Solars tier 1 status, the financial stability of the Vikram Group and the technical quality of the products were among the decisive criteria in favour of the collaboration. Supplementary reinsurance from Solarif will cover replacement modules as needed.
Angus MacDonald, CEO at British Solar Renewables, UKs largest integrated solar developer and operator comments on the collaboration: "Based on the precise, power-optimized string-layout in our solar parks, the performance is far above average, which makes it extremely attractive to our investors and future buyers. In Vikram we have found a technology partner who meets our high engineering standards while being cost-efficient. The Vikram brand is also recognized across the industry, which makes it easier to resell the solar parks upon completion.
Gyanesh Chaudhary, MD and CEO of Vikram Solar adds: We already supply the UKs largest builders merchant, EH Smith, and the countrys largest electrical wholesaler, Edmundson Electrical. The collaboration with British Solar Renewables fits well with our goal of making Vikram Solar modules available across the market and recruiting the best partners in each market segment.