Why is the Vikram Solar 2 GW cell procurement significant?

It locks ALMM-compliant supply ahead of India’s June cell mandate, reducing qualification and scheduling risk. The TOPCon and mono PERC mix supports competitive efficiency and costs. For Canadian buyers, steadier Indian output can improve module availability and price visibility, helping projects bid tighter and reach COD with fewer surprises.

How do ALMM domestic solar cells affect pricing and timelines?

ALMM compliance can limit the supplier pool at first, but it improves traceability and financing confidence. Near term, volume deals may pressure cell prices lower. Over time, more domestic lines should stabilize costs and shorten lead times, which helps developers plan procurement and reduce working-capital strain.

What do TOPCon and mono PERC mean for Canadian projects?

TOPCon generally offers higher efficiency and better low-light performance than mono PERC, which can lift yields in cold and diffuse-light conditions. Mono PERC stays cost-effective for tighter budgets. Choosing between them depends on BOS savings, site design, snow albedo, warranties, and your target LCOE.

What should Canadian investors watch through 2026–2027?

Track Vikram’s 12 GW cell ramp, ALMM updates, module ASPs, freight, and FX. Confirm bankability documents and vendor dual-qualification. Watch performance data on TOPCon versus mono PERC in cold climates. These factors drive landed costs, schedule certainty, and returns for Canadian solar projects.

Global Market Insights

February 23: Vikram Solar’s Rs 2,000 Cr Cell Deal Tightens India PV Supply

ByHuzaifa Zahoor February 24, 2026February 24, 2026

Vikram Solar 2 GW cell procurement from Jupiter International secures ALMM-compliant TOPCon and mono PERC supply worth Rs 2,000 crore. The deal tightens India PV supply ahead of the June ALMM cell mandate and helps address the India PV module–cell gap. For Canadian investors, stable cell availability can shape module pricing, delivery risk, and project timelines. We explain the near-term pricing impact, technology mix, and how Vikram’s planned 12 GW cell ramp from December 2026 could shift margins and procurement strategies into 2027.