Waaree Energies explores land for solar manufacturing unit in Nagpur
Waaree Energies Limited (WEL), India’s largest solar PV module manufacturer, is exploring a 500-acre land acquisition in Nagpur for a proposed Rs 80 billion investment in a solar cell and panel manufacturing unit.
The company recently inspected potential sites in the Additional Butibori industrial estate of the Maharashtra Industrial Development Corporation (MIDC).
If finalized, this project will contribute to Nagpur’s growing renewable energy equipment manufacturing sector.
Total proposed investments in the city’s renewable energy equipment manufacturing are now estimated at Rs 410 billion, including projects by Avaada Group and JSW Group.
