Waaree Energies Ltd. Secures 600 MWp Module Supply Contract from Leading Renewable Energy Developer

Mumbai, 26th November 2024 – Waaree Energies Ltd., accelerating global energy transition and India’s largest solar PV module manufacturer, announces a 600 MWp module supply contract awarded by a prominent renewable energy company specializing in the ownership, development, and operation of renewable power projects across India. The delivery of these modules is scheduled to begin in FY 2025-26, positioning the project as a key contributor to India’s ambitious clean energy targets.

This contract involves the supply of Waaree’s flagship high-efficiency modules, renowned for their durability, energy output, and cutting-edge technology. As India’s only solar panel manufacturer featured in the RETC PV Benchmarking Report 2024, Waaree’s modules stand as a demonstration to quality, reliability, and performance. Waaree is a Tier 1 solar module manufacturer, recognized by Bloomberg New Energy Finance (BNEF), and operates an NABL-accredited testing lab, ensuring the highest standards of excellence. These distinctions strengthen the company’s role in powering renewable projects, enhancing energy reliability, and significantly reducing carbon emissions.

Dr. Amit Paithankar, CEO, Waaree Energies Ltd., remarked, “We believe in the power of innovation and collaboration to address the energy needs of tomorrow. This project represents more than just megawatts; it symbolizes our nation’s progress toward energy self-reliance and sustainability. As we prepare for delivery in FY 2025-26, our focus remains on delivering world-class solar solutions that enable cleaner energy transitions, reduce carbon footprints, and fuel economic growth. Our ability to secure repeat orders highlights the trust we have established with our clients.”

The module supply contract is an evidence of Waaree Energies’ constant pursuit of excellence in solar PV module manufacturing. The successful implementation of this project will significantly enhance India’s renewable energy capacity, driving meaningful reductions in greenhouse gas emissions and fostering 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.