The new facility underlines the company’s commitment towards the Government’s ambitious target of 225 GW of renewable energy by 2022 and its vision for Make in India.
Waaree Energies has become the country’s largest solar panel manufacturer with the launch of the 1 GW plant in Vapi, Gujarat, taking its manufacturing capacity to 1.5 GW.
Also, the company’s first unit in Surat has a capacity of 500 MW.
Further, the new plant is installed with an objective of extending current product lines as well as expanding its presence in India, and internationally.
Moreover, the new facility underlines the company’s commitment towards the Government’s ambitious target of 225 GW of renewable energy by 2022 and its vision for Make in India.
Commenting on the achievement, Waaree Energies, Director, Sunil Rathi says, “Waaree Energies has been a preferred partner for the solar transformation in India, and is always seeking new avenues to enhance its capabilities to make solar power accessible to all. We have already supplied over 1.7 GW of solar panels till date, and commissioned over 500 MW of solar EPC in India. At 1.5 GW, we are now the largest solar module manufacturer in the country and are better equipped to cater to solar needs of the country, and aid the Government in achieving the solar targets set for 2022.”
Besides, it’s new plant in Vapi will manufacture 4 MW of solar modules per day, and is also expected to generate over 400 direct jobs in addition to 1000 indirect jobs, leading to employment of both skilled and unskilled workforce.
Waaree said in a statement that, people around the facility are trained by the company, to make them employable. Out of the total workforce, around 10 percent comprise individuals from neighbouring areas.
The facility has the capability to manufacture Polycrystalline and Monocrystalline solar modules along with Mono PERC and Bifacial solar modules. It also boasts of a 1.2 MW on-grid solar power plant on the roof.
The tier 1 solar panels maker has plans to further expand its footprint with 1000 franchises till the end of 2018.