Waaree Energies

Friends Salt Works & Allied Industries Installs New Solar Power Plant in Bhavnagar

Friends Group, a vertically integrated firm which is one of the leading salt producers and exporters, recently installed 4 MW of solar project in Asarana, Bhavnagar. Waaree Energies, a leading PV module manufacturer, will supply polycrystalline solar modules of 335 WP to Friends Group. The installation is collectively expected to generate over 5.8 million units […]

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Waaree Energies Starts Sale of Solar Products at E-Comm Store

 India’s largest solar panel manufacturer presently, Waaree Energies has announced dates for its freedom sale, which will go live on its official website, today, 14 October.  The company claims that its e-commerce platform is the first of its kind in the solar sector to offer products online.  Small solar modules like 3Wp 6V polycrystalline solar […]

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Waaree Energies Raises INR 1000 Cr Through Private Funding, Drops IPO Plans

Waaree Energies Limited, India’s leading solar panel manufacturer, has raised around Rs 1000 crore from various investors through private funding. The promoters also participated in this equity raise at the same valuation. The proceeds will be used for expansion plans of the firm to augment its manufacturing capabilities in India from 2 GW to 9 […]

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Steinbeis, Waaree Energies, DSE Consortium Germany Partner for Green Hydrogen in India

Hyderabad-based Steinbeis Centre for Technology Transfer India has said that it has inked a Memorandum of Understanding (MoU) with Waaree Energies and DSE Consortium Germany, under which, the three entities will collaborate to establish an assembly line for the production of electrolysers and polysilicon in India. The collaboration will also delve into implementing solar thermal […]

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WAAREE Gets 500 Cr Credit Line for Solar Projects

WAAREE Energies, India’s largest solar panel manufacturer, has entered into an agreement with the State Bank of India (SBI) for availing unsecured financing for solar projects through Surya Shakti Solar Finance Scheme and providing working capital for Channel Partners under EDFS (Electronic dealer finance scheme). The credit line is for upto Rs 500 crores for […]

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August ALMM Brings 4 GW Fresh Capacity Along with 8 New Manufacturers

The ALMM (Approved List of Module Manufacturers) list for Indian domestic manufacturers has been updated by the ministry of new and renewable energy. The latest update lists 66 companies in total, including 8 new module manufacturers with a cumulative capacity of 3,976 MW. Overall capacity has risen to just over 18 GW now. Rajasthan Electronics […]

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KPI Green Energy Completes Installation of 10 MWp

KPI Green Energy Limited, the solar vertical of KP Group and a prominent Gujarat based solar power generating company, has installed 10MWp solar projects at Bharuch Gujarat. It’s a CPP project developed by KPI Green Energy on behalf of CPP customer by entering into a turnkey agreement enabling CPP customer to not only use a […]

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Research Firm Predicts Thin Film Solar Cell Market To Reach $25.3 Billion by 2030

Research firm Allied Market Research has signaled bright times for thin film solar manufacturers with a CAGR (Compounded Annual growth rate) of 8.4% predicted for the period upto 2030. Increasing electricity prices, reduced dependence on foreign oil and fossil fuels, and the storage and later usage of power will drive the growth of the global […]

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Waaree Energies Receives NCLT’s Nod For Acquisition of Indosolar Ltd.

Waaree Energies Limited, a leading solar PV module manufacturer in India, has received formal approval from the National Company Law Tribunal, Delhi Bench (NCLT) on 21st April 2022 for the resolution plan submitted by it towards the acquisition of Indosolar Limited, a manufacturer of solar cells, under the corporate insolvency resolution process (CIRP) initiated by the lenders […]

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