Waaree Energies Limited, one of the top 15 solar PV panel manufacturers in India will supply 445 MW of its 540/545Wp dual glass bifacial modules to Statkraft India. The company will deliver the solar modules between May and August 2024. The supply contract will illuminate single-location solar projects in Bikaner, Rajasthan.

This contract highlights Waaree Energies' vision to contribute towards revolutionizing India's renewable energy landscape, meeting its growing power demand, and supporting the nation's transition towards its net zero goals. The company has the largest aggregate installed capacity of 12 GW as of June 30, 2023.

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Mr. Hitesh Doshi, Chairman and Managing Director of Waaree Energies Limited, said, "This partnership with Statkraft India represents a pivotal step in our collective mission to contribute to India's renewable energy transformation. By harnessing the power of solar energy and leveraging our technology, we are not only illuminating households but also striving to contribute towards economic growth and generate employment opportunities in the region.”

The deployment of Waaree's bifacial solar modules is expected to amplify the region's renewable energy capacity. Further, it is expected to contribute towards reducing carbon emissions and promoting environmental sustainability. As India marches towards its renewable energy targets, we hope that such initiatives will play a role in realizing the nation's vision of a greener future.

Other Supply Contracts of Waree Energies

Waaree won a significant 400 MW module supply order in April from Gujarat Industries Power Company Limited (GIPCL) for the Khavda solar park in Gujarat. Furthermore, the company will manufacture, test, pack, and transport these solar PV modules while adhering to the prescribed quality standards and aiming to execute the project on time.

About Waaree Energies

Waaree Energies, founded in 1989 and headquartered in Mumbai, is a major player in India's solar energy sector. They've established themselves as a vertically integrated company, meaning they handle several aspects of solar power.

Beyond manufacturing, Waaree offers Engineering, Procurement, and Construction (EPC) services. This one-stop-shop approach allows them to handle project design, material procurement, and construction for solar installations exceeding 1 GW of commissioned renewable power projects.

Read: NHPC Issues EPC Tender for 200 MW Solar Power Project in Gujarat

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