Waaree Completes 300 MW Production for US Order

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Waaree Energies Ltd., the over Rs 2000 crore Mumbai-based solar manufacturing firm has completed the production of 300+ MW solar modules for Aquamarine, a 250-MW solar photovoltaic project that is part of the first phase of Westlands Solar Park (WSP) in California’s San Joaquin Valley. WAAREE has provided 385, 390 Wp Mono PERC Solar PV modules for installation at WSP.

The solar modules supplied by WAAREE have undergone quality testing at WAAREE’s module manufacturing facility, which houses IEC-CB-CTF laboratory for reliability testing and certification. WAAREE has already supplied over 3-GW solar panels to date globally and commissioned solar EPC projects in India and Southeast Asia. The company had finished 2020-21 with a profit of Rs 57 crores, on a turnover of Rs 2021 crores.

Mr. Sunil Rathi, Director Sales and Marketing, WAAREE Energies Ltd., said, “This order is in line with the Government of India’s vision of Atmanirbhar Bharat (making India a self-reliant nation) and shows the capabilities of Indian manufacturers to compete in the global market. This order for Westlands Solar Park has brought 105 million dollars of foreign exchange into our country and created good employment opportunities. We plan to strengthen our base in the USA by opening a local office in California shortly. We proudly make our products in India and make it for the world.”

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Aquamarine is part of the first phase of the Westlands Solar Park (WSP) expected to start power generation in late 2021. WSP is one of the largest permitted solar parks in the world, with the capacity of 2,700 MW of renewable power. The solar arrays are being installed on steel posts at a height of 8 to 10 feet above the ground with a maximum angle of tilt. WAAREE solar panels supplied for this project are made of dark non-reflective materials to reduce glint and glare potential.

WAAREE claims to have maintained its position as a Tier-1 module manufacturer by Bloomberg New Energy Finance for the last 25 quarters. With solar production capacity of 2 GW, until recently, the form was the largest manufacturer in India, till being eclipsed by Vikram Solar.

Waaree has a listed entity, Waaree Renewable technology Limited, previously called Sangam Renewables, that does mostly EPC work too.

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