Waaree Energies Gets SP1A Ranking From Icra

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  • In SP1A, 1 denotes highest level of technology and A indicates the robust financial health of the company, it added in a statement
  • The company has India’s largest solar PV module manufacturing capacity of 2 GW at its plants in Surat and Umbergaon in Gujarat

Domestic solar PV module manufacturer Waaree Energies said that it has been assigned solar power ‘SP1A ranking’ by rating agency Icra. In SP1A, 1 denotes the highest level of technology and A indicates the robust financial health of the company, it added in a statement

The statement said that Icra accredits Waaree Energies with SP1A ranking indicating strong performance capability and financial strength… The ranking SP1A emphasizes the company’s superior performance capability and highest financial strength to undertake solar projects. The rating is valid for two years till 2023, the company said.

Innovate, improve and thrive

Hitesh Doshi, CMD, Waaree Group said that the company is Hitesh Doshi, CMD, Waaree Group said the company will continue to be committed to customer-centricity, uncompromised service quality and affordable pricing. These recognitions push us to continuously innovate, improve and thrive.

The company has India’s largest solar PV module manufacturing capacity of 2 GW at its plants in Surat and Umbergaon in Gujarat. The company has a presence in over 350 locations in India and 68 countries.

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