Waaree Energies has taken a step towards expanding its green energy capabilities by approving investment proposals worth Rs 850 crore. The investments will support the development of electrolyser and storage cell manufacturing facilities, boosting the company’s role in the renewable energy sector.
Expanding operations with multiple investments
The company has also approved a capital expenditure (capex) of Rs 130 crore for its inverter business through its subsidiary, Waaree Power. In addition, Waaree Energies has greenlit a substantial Rs 2,073 crore capex for a new lithium-ion advanced chemistry storage cell plant. This investment, worth Rs 650 crore, will be made in its wholly-owned subsidiary, Waaree Energy Storage Solutions, with funding sourced from debt and internal accruals.
These approvals highlight Waaree Energies’ commitment to strengthening its position in the renewable energy and energy storage markets. The company is further contributing to India’s clean energy future.
