Waaree Energies Limited, a major force in India’s clean-energy landscape, has once again secured the No. 1 position in solar module shipments for Q3 2025, according to the latest Renewable Energy Market Update from JMK Research & Analytics. The report shows that among 28 major module manufacturers assessed, Waaree posted the highest shipment volumes, reinforcing its strong foothold in India’s rapidly expanding solar industry.
Indian manufacturers supplied more than 95% of the modules shipped during the quarter, with Waaree leading the segment on the strength of its integrated manufacturing ecosystem, dependable supply chain, and continued emphasis on quality and technological excellence.
During Q3 2025, India added roughly 8.06 GW of utility-scale capacity and 2.7 GW of rooftop solar, taking total installed solar capacity to 127 GW as of September 2025. Waaree’s sustained dominance mirrors its execution capability at a time when the country is accelerating toward its goal of 500 GW of renewable energy.
In this quarter, Waaree expanded its module production by 1.8 GW and increased solar cell manufacturing by 4.2 GW, signaling its commitment to strengthening India’s clean-tech manufacturing base. Despite global trade headwinds, the company exported 37.9% of its Q3 module output, underscoring its strong global competitiveness.
Today, Waaree has evolved into a full-spectrum energy transition enterprise, offering solutions spanning EPC services, battery storage, transformers, solar inverters, green hydrogen technologies, and energy infrastructure, including data center development. This diverse portfolio positions the company to enable India’s clean energy goals with comprehensive, future-ready solutions.
“Waaree’s ongoing leadership in India’s solar module space highlights our dedication to advancing the nation’s clean energy shift and supporting global demand. As the sector scales at unprecedented speed, our focus remains on capacity expansion, reliability, and innovation that drives meaningful value,” said Sunil Rathi, Executive Director, Waaree. With JMK Research forecasting an additional 41.5 GW of solar capacity to be added in FY2026, Waaree is poised to remain a key contributor to India’s self-reliant renewable energy mission.
Established in 1990, Waaree Energies Limited is a leading player in the renewable energy sector, supporting the worldwide shift toward sustainable power. Based in Mumbai, the company operates advanced manufacturing facilities with a combined solar PV module capacity of approximately 16.7 GW and solar cell capacity of up to 5.4 GW. With a strong presence across India and more than 25 international markets, Waaree delivers a broad portfolio that includes solar modules, inverters, EPC services, green hydrogen technologies, battery storage solutions, energy infrastructure, and data centers—offering innovative, cost-efficient pathways to clean energy adoption.
