Mumbai, July 30, 2018

 

Waaree Energies has become India’s largest solar panel manufacturer with the launch of the 1 GW plant in Vapi (Gujarat), taking its manufacturing capacity to 1.5 GW. The first Waaree unit in Surat (Gujarat), which was established in 2007, has a capacity of 500 MW. With this new plant, Waaree Energies is looking at extending current product lines as well as expanding its presence in India, and internationally. The new facility underlines Waaree’s commitment towards the Government’s ambitious target of 225 GW of renewable energy by 2022 and its vision for Make in India.

 

Sunil Rathi, Director, Waaree Energies Ltd, said, “Waaree Energies has been a preferred partner for the solar transformation in India, and is always seeking new avenues to enhance its capabilities to make solar power accessible to all. We have already supplied over 1.7 GW of solar panels till date, and commissioned over 500 MW of solar EPC in India. At 1.5 GW, we are now the largest solar module manufacturer in the country and are better equipped to cater to solar needs of the country, and aid the Government in achieving the solar targets set for 2022.”

 

The company’s new state-of-the-art facility in Vapi will manufacture 4 MW Solar modules per day, and is expected to create over 400 direct jobs, in addition to 1000 indirect jobs, leading to employment of both skilled and unskilled workforce. People around the facility are trained by Waaree, to make them employable. Out of the total workforce, around 10 per cent comprise individuals from neighbouring areas. 

 

The facility has the capability to manufacture polycrystalline and monocrystalline solar modules along with mono PERC and bifacial solar modules. It also boasts of a 1.2 MW on-grid solar power plant on the roof. 

 

Located across more than 250 locations in India, through its offices as well as franchises, and 68 countries globally, the company has maintained its position as the tier 1 manufacturer for the last three years. Waaree Energies is planning to further expand its footprint with 1000 franchises by the end of 2018.