WattPower In Agreement With Renew Power For 1.2 GW Of String Inverters By Dec 2023

WattPower, a leading provider of innovative energy solutions, has announced a ground-breaking deal with ReNew Power, India’s leading renewable energy company by installed capacity. The agreement entails the supply of 1.2 Giga Watts (GW) of string inverters, making it one of the largest deals in the solar inverter industry. With a contract value of close to Rs 200 crores, this collaboration marks a significant milestone in advancing India’s transition to clean energy.

On this occasion, Sivaprasad Manikkapurath, Executive Vice President of ReNew Power, expressed his enthusiasm, stating, “This is a part of our total target of 5 GW of solar project by 2024. As an organisation, our focus will always revolve around maintaining the best quality and ensuring the timely completion of projects. Definitely, a contract like this will help us achieve our goals better.”

WattPower’s string inverters are renowned for their efficiency, reliability and advanced features, enabling seamless conversion of solar energy into usable electricity. Formerly a distributor for erstwhile market leader Huawei Inverters in India, WattPower moved into a direct selling role after Huawei’s exit.

The high-efficiency string inverters will optimize energy production, ensuring maximum yield from solar power plants and maintaining plant uptime. Additionally, the advanced monitoring and control capabilities of WattPower’s inverters will enable real-time performance tracking, fault detection and preventive maintenance, leading to improved operational efficiency and reduced downtime.

Commenting on the partnership, Divya Prakash Choraria, Managing Director of WattPower, stated, “We are thrilled to collaborate with ReNew Power, a trailblazer in the renewable energy sector. Our advanced string inverters will play a vital role in harnessing India’s abundant solar resources effectively. This deal reaffirms our commitment to accelerating the adoption of clean energy and enabling a sustainable future.”