Waaree Receives 900 MW Order From Serentica For Project In Rajasthan

Mumbai-based Waaree Energies Ltd., India’s largest solar PV modules manufacturer with an aggregate installed capacity of 12 GW as of June 30, 2023 has received a 900 MW module supply deal from Serentica Renewables India Private Limited. Waaree Energies received this contract for a project located in Fatehgarh, Jaisalmer, Rajasthan, India.

This project is expected one of the large solar power plants installed in India with Waaree modules. The delivery schedule for these TOPCon bifacial modules is set from August 2024 to February 2025. This deal involves the provision of the Waaree Elite Series N-Type Topcon BiN-03-680 to 690Wp GTG Bifacial modules.

Sunil Rathi, Director of Sales, Waaree Energies Ltd. remarked, “Our elite series modules are expected to contribute to the efficiency, durability, and performance of this project. Moreover, our company has been deploying multiple projects in Rajasthan and Gujarat, thereby contributing in the clean energy shift in these states.”

Commenting on the association, Akshay Hiranandani, CEO of Serentica said, “We are happy to partner with Waaree Energies – a market leader in the module manufacturing sector. Their commitment towards quality and reliability makes them the perfect choice for this initiative. Together, we expect the coming months to be marked by product innovation and execution, thereby contributing to India’s energy landscape.”
For Waaree, the latest deal follows a series of order wins in recent weeks and months, that have firmly established the firm as market leader in India, besides being the leading module exporter from India as well. Module manufacturers in India are poised to have a strong year domestically after exports in 2023-24, thanks to the full force of the ALMM compliance starting April 1 this year. With all projects barring projects linked to green hydrogen production mandated to buy domestic modules, sales are expected to be strong this year, as solar capacity additions continue to ramp up.