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Onix Solar Energy Order Highlights:
Order Secured: Onix Solar Energy has received a Letter of Intent (LoI) from Vikran Engineering to supply 193,550 units of 620 Wp non-DCR TOPCon solar modules.
Order Value: The contract is worth approximately ₹148.80 crore (ex-GST).
Scope of Work: The deal covers design, manufacturing, factory acceptance testing, and supply of the modules.
Timeline: Onix Solar is expected to complete the order within three months from the date of manufacturing clearance from Vikran Engineering.
Nature of Modules: These are non-DCR (Domestic Content Requirement) TOPCon solar modules, which many developers are using due to lower cost and faster deployment compared with DCR-qualified modules.
Market Context: Demand for non-DCR modules is linked to cost efficiency and project execution speed, even if subsidies are forgone by developers.
Company Positioning: Onix Solar is a solar module manufacturer, part of the broader Onix Renewable group with experience in wind, solar, storage, and hybrid systems.
About Onix Renewables:
Onix Renewables is an Indian renewable energy solutions provider operating across the solar, wind, and hybrid power segments. The company is part of the broader Onix Group and is involved in engineering, procurement, and construction (EPC) as well as module supply and project execution for utility-scale and commercial renewable projects.
Source: https://www.mercomindia.com/onix-secures-order-for-620-wp-topcon-modules-from-vikran-engineering
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