WAAREE Energies bags $ 2.37 bn orders

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WAAREE Energies bags $ 2.37 bn orders

Waaree Energies has bagged new orders worth USD 2.37 billion from India and International markets to supply high efficiency bifacial solar panels of 540Wp and 600Wp. These panels will be produced in Waaree’s manufacturing facility using M10 and M12 cells.

Hitesh Doshi, Chairman & Managing Director, Waaree Energies said, “These orders are consistent with Indian government’s vision of Atmanirbhar Bharat, and will bring in more than USD 2 billion in foreign exchange while creating hundreds of job opportunities. These orders will enable us in strengthening our market position as we diversify our clientele and expand into newer markets.”

Solar modules manufactured by Waaree and confirming to global standards have been delivered to 19 countries. Waaree currently has a 4 GW PV module manufacturing capacity and plans to add another 5 GW by Dec 2022. 4 GW solar cell manufacturing capacity is expected to be operational by March 2023, the company said.

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