Waaree Energies Wins 200MW Module Supply Mandate from ENGIE India

By Saur News Bureau/ Updated On Tue, Oct 31st, 2023

Indian solar module manufacturer Waaree Energies announced receiving a mandate from ENGIE India for the supply of 200 Megawatt (MW) of solar modules for a solar power project at Sayla village in the Surendra Nagar district of Gujarat.

ENGIE India is a subsidiary of the French-based ENGIE Group, a global player in low-carbon energy and services. The company is developing the Sayla village project, designated as GUVNL 2, under a 25-year solar power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL).

Waaree Energies claimed that it holds the distinction of being the only Indian solar module manufacturer to secure a Tier 1 rating from BloombergNEF for 35 consecutive quarters. The exceptional bankability and reliability of the company’s modules, coupled with its immense capabilities to cater to large-scale utility requirements, has made Waaree a valued supplier of choice for solar power projects in India and across the globe.

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Commenting on the mandate, Hitesh Doshi, Chairman and Managing Director, Waaree Group, said, “This mandate from ENGIE India is a validation of Waaree’s status as India’s predominant solar module manufacturer. We take pride in our unwavering commitment to the best standards of quality and reliability for our modules. Waaree is dedicated to driving the clean energy transition in India, and across the globe, and we look forward to contributing to further projects that are in line with this objective.”

Waaree’s supply mandate with ENGIE is expected to commence from November this year and is expected to complete by February 2024. The 200 MW of AHNAY 545 Wp Bifacial modules to be supplied by the company for the Sayla village project will generate 34 crore units of electricity per annum.

Waaree Energies is the flagship company of the Waaree Group, was founded in 1989. It is one of the largest vertically integrated new energy solution providers and is India’s largest solar module manufacturer with a capacity of 12 GW. With a legacy of over 33 years, Waaree Energies is providing one-stop solar solutions.