Waaree Energies expands solar module manufacturing capacity to 2 GW
The company is planning to further expand its footprint with 1000 franchises by the end of 2020.
Mumbai, 24 September 2019
Waaree Energies, India’s solar module manufacturer, has expanded its module manufacturing capacity to 2 GW from 1.5 GW. With the manufacturing facility based in Gujarat, the company has now upgraded the production capacity to 5.7 MW per day. The demand for solar energy has seen an uptake in the recent years with the current requirement holding strong at 25 GW. However, due to various policy driven and geo-political factors, the Indian solar manufacturing segment is equipped only to produce module equivalent to 3 GW. Waaree aims to bridge this demand- supply gap and inch towards a viable indigenous ecosystem.
Sunil Rathi, Director Sales & Marketing, Waaree Energies Ltd, said, “Waaree Energies continues to be the premier solar power manufacturer helping in the solar transformation in India, and therefore is always exploring new opportunities to boost its capabilities to make solar power accessible to all. We have already supplied over 2.5 GW of solar panels till date, and commissioned over 600 MW of solar EPC projects in India. With the recent expansion touching 2 GW, we foresee creating jobs in the surrounding villages, largely employing the blue-collar workforce.”
Located across over 300 locations in India, through its offices as well as franchises, and 68 countries globally, the company has maintained its position as the Bloomberg Tier 1 manufacturer for the last three years. Waaree Energies is planning to further expand its footprint with 1000 franchises by the end of 2020.