Waaree Energies Targets Rs 400 Cr Revenue From Rooftop Segment

Targets to commission 100 MW rooftop projects in the coming financial year.

Waaree Energies, one of India’s largest solar PV manufacturer, looks towards the rooftop solar and aims at adding close to Rs 400 crore for the financial year ending 2020, exclusively through the segment. Rooftop solar will be one of the key focus segments for Waaree Energies as it plans to add 100 MW to its overall capacity in the financial year 2019 – 2020. With a significant investment in the segment, it is present through both CAPEX & OPEX models and has attained great credibility in a short span of five years.

Waaree Energies offers end to end solutions, as an EPC and panel manufacturer, while also extending its acclaimed Operations and Maintenance (O&M) services and providing robust energy storage solutions. With efficient execution and quick turnaround, while allowing for pricing benefits, the company has become partners to some of the most distinguished companies, with key projects across India.

Sunil Rathi, Director, Waaree Energies said, “Waaree Energies is an evolving company, and we are constantly looking for new opportunities to explore and enhance our capabilities. Our experience of over 29 years has given us a unique advantage of witnessing the changing dynamics in the industry, and the growing importance of rooftop solar segment. Given the opportunity that the segment presents towards furthering the acceptance of solar energy in India, it was a natural choice for us to explore the segment.”

He added, “Our expertise and experience has propelled as a partner of choice for India Inc., and is reflected in the multiple projects that we have executed. Being present as both CAPEX and OPEX has helped us add value towards a company’s transition to sustainable energy sources, irrespective of their area of operation or stakeholders.” 

Akarsh Bhageria, Partner – Teras New and Renewable Energy LLP, which associated with Waaree Energies for the Mumbai Metro rooftop project, said, “Waaree Energies has long-standing excellence as a Solar manufacturer and EPC player, which made them an immediate choice for us to associate with. The rooftop project that they undertook for us has solidified them as our go-to partner going forward. The project was seamlessly completed within pre-aligned timelines at a price that was highly competitive for the industry.”

“The transition to rooftop solar has contributed to substantial savings for the consumer, while also reducing their T&D losses and carbon emissions. We are looking at exploring solar power as an option to fulfil our energy needs in the near future,” he added.