Waaree Energies Expands Module Manufacturing Capacity

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⦁ The company has increased its module manufacturing capacity by 500 megawatts to 2,000 MW
⦁ The company has upgraded its production capacity to 5.7 MW per day

Image for representational purpose only

Waaree Energies Ltd, India’s leading EPC player, and largest solar PV module manufacturer has increased its module manufacturing capacity by 500 megawatts to 2,000 MW. With the manufacturing facility based in Gujarat, the company has now upgraded the production capacity to 5.7 MW per day.

 

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The demand for solar energy has seen an uptake in recent years with the current requirement holding strong at 25 GW. However, due to various policy-driven and geopolitical factors, the Indian solar manufacturing segment is equipped only to produce module equivalent to 3 GW or 3,000 MW.

“Waaree aims to bridge this demand-supply gap and inch towards a viable indigenous ecosystem. The company has reached the level of 2 GW from 1.5 GW expanding its module manufacturing capacity by 500 MW. This will create 550 direct and 350 indirect jobs in the sector,” a company statement said.

The company has upgraded the production capacity to 5.7 MW per day, it added.

“The company has supplied over 2.5 GW of solar panels till date and commissioned over 600 MW of solar EPC projects in India. With the recent expansion touching 2 GW, we foresee creating jobs in the surrounding villages, largely employing the blue-collar workforce,” said Sunil Rathi, Waaree Energies Ltd director Sales & Marketing.

Waaree Energies, the flagship company of Waaree Group, has India’s largest solar PV module manufacturing capacity of 2 GW at its plants in Surat and Umbergaon in Gujarat. The company has its presence in over 300 locations in India and 68 countries internationally.

The company had also commissioned a 50 MW ground-mounted solar project in Vietnam in June this year.

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