Waaree Energies Ltd. has announced securing significant orders for the supply of solar photovoltaic (PV) modules totaling 364 MWp and 160 MWp. These orders come from prominent clients involved in renewable energy development and operations across India. Deliveries are scheduled to commence in the fiscal years 2024-25 and 2025-26, according to the company’s filing on December 2.
This marks the company’s third major order since its stock market debut in October. In November, Waaree Energies received orders for 600 MWp and 180 MWp solar modules from leading renewable energy players. The company’s shares, initially listed at ₹2,500 on the NSE, soared to ₹3,743 on November 6 before witnessing a correction.
Waaree Energies, a key player in India’s solar energy sector, boasts an installed PV module manufacturing capacity of 12 GW as of June 2023. The company is a leading Indian solar energy company specializing in the manufacturing of photovoltaic (PV) modules.
With a robust installed capacity of 12 GW as of June 2023, Waaree operates five state-of-the-art manufacturing facilities across Gujarat and Uttar Pradesh. Known for its commitment to quality and innovation, the company serves a diverse clientele engaged in renewable energy development and operations.
Since its stock market debut in October 2023, Waaree Energies has rapidly expanded its order book, securing significant contracts for solar module supplies. The company plays a pivotal role in advancing India’s renewable energy goals, contributing to the nation’s transition to a sustainable and green energy future.
