Waaree Energies announces entry into floating solar PV market

26th Aug 16,  Mumbai, Maharashtra

Waaree Energies,India's largest solar panel manufacturer, announces a strategic partnership with 4CSolar a proven technology solutions provider based in California specializing in floating solar arrays. 4CSolar has developed patent-protected technologies to enable highly reliable, low-cost and eco-friendly installations of floating solar power plants on lakes, dams, and near-shore seawater.  This product is now available for demonstration and sale through SunMount Engineering Pvt. Ltd., a wholly-owned subsidiary of Waaree Energies.

Commenting on this association, Mr. Hitesh Doshi, Chairman & Managing Director, Waaree Energies said, "We are extremely pleased to establish this partnership with 4CSolar, which is a prominent solar solution provider in floating solar modules. Through this association, we aim to develop a cost-effective and low-maintenance solution that can help address India's energy and water challenges, and also enable our domestic suppliers to upgrade their technology."

Adding their bit, Ms Judith Smadja, Chief Executive Officer at 4CSolar commented, "We are very proud to be associated with a leading solar manufacturing brand like Waaree Energies, which is quite active in its efforts to maximize India's solar capacity. With them, we wish to contribute to the nation's 'Make in India' campaign through our comprehensive, eco-friendly floating solar solutions, and also upgrade the manufacturing capabilities of domestic companies creating more room for sustainable growth."

"Floating solar" is a solution where solar modules are mounted on floating pontoons which are either tethered to the shore, or anchored to the bottom of water bodies. Such installations can minimize the use of precious agricultural land for solar power generation, and also curb evaporation losses from water reservoirs by as much as 70%.  By being located close to their point-of-use these installations can power sustainable solutions such as lift-irrigation, or provide rural electricity with low T&D losses.

This strategic tie-up will enable Waaree Energies and 4CSolar to provide scalable solutions for lakes, reservoirs, canals and off-shore solar projects in India.

About Waaree Energies

WAAREE Energies Ltd is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India's largest solar PV module manufacturing capacity of 500 MW'S at its plant in near Surat, Gujarat. Waaree Energies is amongst the top players in India in providing EPC services, Project development, rooftop solutions, and solar water pumps and also as an Independent Power Producer. Waaree has its presence in over 20 locations nationally and 68 countries internationally.

About 4CSolar

4CSolar Inc based in Southern California is a technology startup with expertise in offshore power systems, pontoon engineering, and plastics

For any further details, kindly contact:
Mr. Venkatesh Sittula
+91-7710081402