Waaree Energies Ltd. Secures 398 MWp Aggregate Module Supply Orders for Two Major Renewable Power Projects in India From A Renowned Customer

Mumbai, 16^th December 2024 – Waaree Energies Ltd., India’s largest solar PV module manufacturer and a leader in the global energy transition, is pleased to announce the receipt of orders for two significant projects totalling 398 MW for the supply of solar modules. The orders, comprising projects of 249 MW and 149 MW respectively, come from a renowned customer engaged in owning, developing, and operating renewable power projects in India.

The contracts include the supply of Waaree’s flagship high-efficiency Glass N-type Topcon modules, rated at 580/585Wp. These modules are recognized for their durability, exceptional energy output, and advanced technology, showcasing Waaree’s unwavering commitment to quality and innovation.

The modules are scheduled to be supplied in the next financial year, 2025-26.

As the only solar panel manufacturer in India featured in the RETC PV Benchmarking Report 2024, Waaree’s modules exemplify quality, reliability, and performance. Recognized as a Tier 1 solar module manufacturer by Bloomberg New Energy Finance (BNEF), Waaree operates an NABL-accredited testing lab, ensuring the highest standards of excellence. These accolades reinforce the company’s commitment to powering renewable projects, enhancing energy reliability, and significantly reducing carbon emissions.

The confidence shown by clients highlights Waaree Energies’ commitment to solar PV module manufacturing. The execution of this project will increase India’s renewable energy capacity, leading to reductions in greenhouse gas emissions and supporting environmental sustainability.

About Waaree Energies Limited:

Established in 1990, Waaree Energies Limited (WAAREE) is India’s leading renewable energy company, accelerating the global energy transition. Headquartered in Mumbai, we operate state-of-the-art manufacturing facilities with an installed capacity of ~13.3GW for solar PV modules (including 1.3GW of Indosolar). With presence across India and 25+ countries worldwide, we offer innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. Committed to sustainability, Waaree empowers a greener future by delivering cutting-edge, cost-effective energy solutions.