Waaree Energies expands their module manufacturing capacity to 2GW
Reinforces its position as the largest solar module manufacturer in India
Waaree Energies, India’s largest solar module manufacturer and a leader in the EPC segment, has expanded its module manufacturing capacity to 2GW from 1.5GW. With the manufacturing facility based in Gujarat, the company has now upgraded the production capacity to 5.7MW per day. The demand for solar energy has seen an uptake in the recent years with the current requirement holding strong at 25GW. However, due to various policy driven and geo-political factors, the Indian solar manufacturing segment is equipped only to produce module equivalent to 3GW. Waaree aims to bridge this demand – supply gap and inch towards a viable indigenous ecosystem.
Sunil Rathi, director sales & marketing, Waaree Energies, says, “Waaree Energies continues to be the premier solar power manufacturer helping in the solar transformation in India, and therefore is always exploring new opportunities to boost its capabilities to make solar power accessible to all. We have already supplied over 2.5GW of solar panels till date, and commissioned over 600MW of solar EPC projects in India.”
“With the recent expansion touching 2GW, we foresee creating jobs in the surrounding villages, largely employing the blue-collar workforce,” he added
Located across 300+ locations in India, through its offices as well as franchises, and 68 countries globally, the company has maintained its position as the Bloomberg Tier 1 manufacturer for the last three years. Waaree Energies is planning to further expand its footprint with 1000 franchises by the end of 2020.