Waaree Energies secures 400 MW modules supply order in Gujarat

Waaree Energies Secures 400 MW Solar Module Supply Deal with GIPCL.

Expert Analysis:

• Securing the Order: Waaree Energies secures an order from Gujarat Industries Power Company for 400 MW solar modules.

• Advanced Technology: Modules range from 540 Wp to 570 Wp(Watt Peak) and feature advanced bifacial technology.

• Announcement of Letter of Intent: The company has disclosed receiving a Letter of Intent (LoI) from Gujarat Industries Power Company Limited (GIPCL) for a 400 MW module supply deal.

• Comprehensive Supply: The contract entails comprehensive supply for a 2,375 MW RE (Renewable Energy) Park near the village Khavda, Great Rann of Kutch, Gujarat.

• Commitment to Domestic Manufacturing: Highlights Waaree's commitment to domestic manufacturing, employment generation, and supporting national renewable energy targets while upholding excellence standards.

• Significant Industry Position: Waaree's installed capacity of 12 GW positions it as a significant player in India's solar sector.