Waaree Energies Unlisted Shares
Waaree Energies secures 400 MW modules supply order in Gujarat
money control
2 min read
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.
Dedication to Sector Fortification:
Collaboration underscores Waaree's dedication to fortifying India's renewable energy sector.
Efficiency Contribution:
The supply of efficient modules contributes to project optimization.
Support for National Goals:
The Partnership supports India's renewable energy goals and economic growth.
Crucial Role in Sustainable Energy:
Waaree plays a crucial role in driving sustainable energy adoption and supporting national energy security initiatives.
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