Waaree is now a Tier 1 Solar Module Manufacturer
21st Dec 16, Mumbai, Maharashtra
Waaree Energies Ltd, No.1 Indian Solar Module Manufacturer is now awarded the status of Tier 1 Solar Module Manufacturer. Tier 1 status makes Waaree Solar panels acceptable for non-recourse financing by banks i.e. "bankable". Waaree has one of the India's largest state of the art 500MW manufacturing facilities.
Speaking on this Achievement Waaree Energies CMD Mr. Hitesh Doshi Said, "Financing is currently one of the greatest hurdles to implementing photovoltaic projects, with banks generally only providing finance to very high-quality projects. Tier 1 Status of Waaree along with continued efforts on quality shall lead to a further ease financing processes for our customers globally (project developers and EPC contractors). I would like to thank the trust placed in us by banks, investors and a customer has resulted in us receiving the tier 1 status."
Waaree has been named as number one Indian solar Module manufacturer for two consecutive years, and now awarded Tier.1 Status. It is awarded to a company to prove they are able to provide own-brand, self-made products to five different projects that are non-recourse financed by five different (non-development) banks.
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, Gujrat. 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.
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