Waaree Energies has signed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Ltd (RUMSL) and M.P. Power Management Co. Ltd (MPPMCL) for the supply of 150 MW solar power to MPPMCL. The PPA follows a Letter of Award (LoA) received by Waaree Forever Energies, a wholly owned subsidiary of Waaree Energies, for developing a 170 MW ISTS-connected solar power project in Madhya Pradesh. The execution of the project will now be carried out…
Waaree Energies Limited has acquired 100 per cent equity in Kamath Transformers Private Limited and Green New Delhi Forever Energy Private Limited, expanding its footprint in both manufacturing and power project development. The acquisition of Kamath Transformers, valued at approximately Rs 2.93 billion, marks Waaree’s entry into the transformer manufacturing segment. Kamath Transformers was established in 1994 and has since grown into a recognised manufacturer and exporter of power and distribution transformers, inverter duty transformers,…
Waaree Energies Limited has inaugurated a 5.4 GW solar cell manufacturing facility in Chikhli, Gujarat. Spanning 150 acres, with a built-up area of 101 acres, the plant is equipped with high-efficiency solar cell technology to strengthen India’s domestic solar manufacturing capabilities. The facility is expected to generate over 9,500 direct jobs and approximately 30,000 indirect employment opportunities. It aims to reduce India’s dependence on solar imports while boosting the country’s renewable energy sector. Previous week,…
Waaree Energies Limited has successfully delivered 132.5 MWp of high-performance 575/580 MWp n-Type TOPCon solar modules to Radiance Renewables Private Limited. These modules, designed for superior energy efficiency across diverse environmental conditions, were delivered by December 2024. The project, supporting the Commercial and Industrial (C&I) segment, is expected to offset approximately 202,826 tonnes of carbon emissions annually. In July 2024, Waaree Energies also secured a Letter of Award for the supply of 180 MW solar…
Waaree Energies Limited has received a Letter of Award to supply 180 MW of solar modules, rated at 585/590 Wp, for a renewable energy project in India. The modules will be supplied to a well-established domestic customer, with delivery scheduled for the financial year 2025-26. Additionally, Waaree Energies has secured an order to supply 150 MWp of n-type TOPCon bifacial glass-glass solar modules, also rated at 585/590 Wp, for another renewable energy project in India.
Waaree Energies Limited has signed an agreement to acquire 100% of Enel Green Power India Pvt Ltd (EGP India) from Enel Green Power Development S.R.L. The acquisition, valued at Rs 7.92 billion, is subject to customary closing adjustments. EGP India operates a renewable energy platform with a net capacity of approximately 640 MW AC (760 MW DC) and a project pipeline of 2,500 MW across multiple states in India. This acquisition will strengthen Waaree’s position…
Waaree Energies Limited has initiated trial production at its 5.4 GW solar cell manufacturing plant in Chikhli, Gujarat. The facility is a key part of Waaree’s strategy for backward integration in the solar energy sector. By focusing on indigenous solar cell production, the plant aims to reduce import dependency, lower costs tied to global supply chain disruptions, and bolster India’s role in clean energy. The high-efficiency solar cells produced are expected to meet domestic demand…
Waaree Energies Limited has secured an order to supply 150 MWp of n-type TOPCon bifacial glass-glass solar modules, rated at 585/590 Wp. The modules will be delivered to a domestic renewable energy developer managing projects across India. Delivery is planned for the financial year 2025-26. Waaree Energies has become the first Indian solar panel manufacturer to publish independently verified Environmental Product Declarations (EPDs) for its bifacial mono PERC and TOPCon solar panels.
Waaree Energies Limited has approved plans to establish a 300 MW electrolyser manufacturing facility and a 3.5 GWh lithium-ion Advanced Chemistry Storage Cell production plant. The electrolyser manufacturing project will be implemented under Waaree Clean Energy Solutions, a subsidiary of Waaree Energies, with a capital expenditure (CAPEX) of Rs 5.51 billion and an investment of Rs 2 billion. The project will be developed under the Production-Linked Incentive (PLI) scheme by the Ministry of New and…
Waaree Energies Limited has received orders to supply solar photovoltaic (PV) modules for two projects totalling 398 MW. The orders, awarded by a prominent renewable power developer in India, include 298 MW and 149 MW of solar PV modules.