Waaree Energies Unlisted Shares

Waaree Energies To Supply 900 MW Of Modules For Solar Power Plant In Rajasthan

Business World

2 min read

Waaree Energies Secures Major 900 MW Solar Module Contract for Solar Power Plant In Rajasthan.

Expert Analysis:

Contract and Capacity: Waaree Energies, with 12 GW of installed solar capacity as of June 30, 2023, secured a substantial 900 MW module supply contract from Serentica Renewables India.
Project Scope: This project is expected to be one of the largest solar power plants installed in India with Waaree modules in it. The modules will be deployed in a project located in Fatehgarh, Jaisalmer, Rajasthan, India.
Sunil Rathi's Remarks: Sunil Rathi, Director of Sales at Waaree Energies Ltd., highlighted their commitment to innovation in renewable energy through the collaboration with Serentica Renewables, emphasizing the impact on solar technology advancement and job creation in Rajasthan and Gujarat.
Delivery Details and Module Specifications: The delivery is scheduled from August 2024 to February 2025 for Waaree's Elite Series N Type Topcon BiN-03-680 to 690Wp GTG Bifacial modules.
CEO Serentica's Endorsement: Akshay Hiranandani, CEO of Serentica, expressed satisfaction in partnering with Waaree Energies, highlighting their leadership in module manufacturing, commitment to quality, and expectation for innovative contributions to India's energy sector.

Takeaways

Contract Overview:
- Waaree Energies secures 900 MW module supply contract, leveraging 12 GW installed capacity.
Project Deployment:
- Modules to enhance efficiency in Fatehgarh, Jaisalmer, Rajasthan.
Delivery Schedule:
- Modules scheduled for delivery between August 2024 and February 2025.
Market Positioning:
- Highlights Waaree’s market leadership and innovation in solar technology.

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