Waaree Energies Recognized In RETC PV Benchmarking Report

Indian solar module manufacturer Waaree Energies Limited today announced its inclusion in the RETC PV Benchmarking Report 2024.

Indian solar module manufacturer Waaree Energies Limited today announced its inclusion in the RETC PV Benchmarking Report 2024. The company said that it was only Indian solar panel manufacturer included in this report.

Waaree Energies Limited has been rated as the overall highest achiever in the PVMI Report 2024. This award has been presented during the RE+ event in Anaheim Convention Center, Los Angeles, USA. The RETC PV Benchmarking Report is a rigorous and respected evaluation that assesses solar PV module manufacturers worldwide. It identifies companies that meets the criteria’s in key performance metrics, quality standards, and reliability measures.

“Waaree Energies Limited has been rated for its performance across critical areas, including Thermal Cycling (TC), Damp Heat (DH), Potential Induced Degradation (PID), Light-Induced Degradation (LID), Light and Elevated Temperature-Induced Degradation (LeTID), PAN File, Incidence Angle Modifier (IAM), and Bill of Materials (BOM) Verification,” the company said in a statement.

Waaree Energies also has the highest enlisted capacity of modules under MNRE’s Approved List of Models and Manufactures (ALMM). The company also has planned to open up its new module manufacturing factory in the United State (US), buoyed by the benefits of the Inflation Reduction Act. The Waaree Group also has two verticals-Waaree Renewables which is the EPC arm of the group and Waaree Technologies which is the energy storage arm of the group.

About Waaree Energies Limited

Waaree Energies Limited (“WEL”) was founded in 1990. It is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023. “WEL commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life. WEL has four solar module manufacturing facilities in India, with international presence,” the company said.