Waaree Energies To Supply 445 MW Solar Modules to Statkraft

Waaree Energies Supplies 68 MW Solar Modules For Mahagenco Project

Waaree Energies Limited is set to illuminate single-location solar projects in Bikaner, Rajasthan, with a supply of 445 MW of its 540/545Wp dual glass bifacial modules. The delivery is scheduled for delivery between May and August 2024.

Hitesh Doshi, Chairman and Managing Director of Waaree Energies Limited said, “This partnership with Statkraft India represents a pivotal step in our collective mission to contribute in India’s renewable energy transformation. By harnessing the power of solar energy and leveraging our technology, we are not only illuminating households but also striving to contribute towards economic growth and generating employment opportunities in the region. This project shows our dedication to advancing domestic manufacturing, empowering communities, and aiding India to move towards a sustainable future.”

The company in a media statement said that the deployment of Waaree’s bifacial solar modules is expected to amplify the region’s renewable energy capacity. Further, it is expected to contribute towards reducing carbon emissions and in promoting environmental sustainability. As India marches towards its renewable energy targets, we hope that such initiatives will play a role in realizing the nation’s vision of a greener future.

Waaree Energies Limited (WEL) was founded in 1990. It is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 (Source: CRISIL Report). The company said that it commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life. WEL has four solar module manufacturing facilities in India, with international presence. It recently announced setting up solar module manufacturing plant in the United State to get the benefits under the US Inflation Reduction Act.

The has the highest solar module manufacturing capacity in India as per the ALMM list of the Ministry of New and Renewable Energy. While it is engaged in the production of solar modules, it also has a special EPC arm-Waaree Renewable to execute solar projects. On the other hand it has another vertical-Waaree Technologies which looks after the energy storage systems,