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Waaree Energies ramps up solar PV module manufacturing capacity to 500MW and dedicates it to Hon'ble Prime Minister's vision of "Make in India"

10th Feb 15,  Mumbai, India

Waaree Energies Limited, a leading solar PV module manufacturer and project developer has completed installation of an additional 250MW of annual manufacturing capacity in PV modules bringing the company's total annual manufacturing capacity of solar PV modules to 500MW. With this installation Waarees manufacturing plant in Surat, Gujarat has become the largest single location solar PV module manufacturing facility in India.

Speaking on the occasion, Mr. Hitesh Doshi Chairman and Managing Director Waaree Group said "This expansion is very much in line with our Honble Prime Minister Shri. Narendra Modis vision of Make in India.  Last year Waaree Energies managed to secure approximately 40% of module supply contract in the DCR (Domestic Content Requirement) category, under National Solar Mission Phase II tenders. In view of the huge demand for our modules from Europe, UK, Japan and other African countries apart from the Indian markets. We are already working at expanding the production capacity to 1000MW which will be completed in the next four months.

The company has announced that they are using the latest technology in solar industry to produce world class quality modules with reliable performance over its lifetime.

About Waaree Energies Limited:

WAAREE is one of India's leading "multi-technology companies, headquartered in Mumbai. Founded in 1989, Waaree successfully developed cutting edge technologies to become one of the most preferred brands in the field of instrumentation. The companys major business lines are solar energy, industrial valves, petroleum equipment and process control instrumentation. Over the years WAAREE has rapidly expanded, combining organic growth with selective acquisition policies. The primary objective is to be at the forefront of industrial development by being commercially and technologically advanced. Waaree has presence in over 68 countries.

Website: http://www.waaree.com

Media Contact for Waaree Energies Limited: vipinvijayan@waaree.com

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