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Waaree Energies Unlisted Shares

Waaree Energies Wins Major Solar Module Supply Contract for 412 MWp Project

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Waaree Energies Secures 412 MWp Solar Module Supply Contract in Rajasthan.

Expert Analysis:

  • Strategic Contract Secured: Waaree Energies announced on Monday that it has secured a contract to supply bi-facial solar modules for a 412 MWp project in Rajasthan.

  • Project Completion: This large-scale project is expected to be completed by March 2025.

  • High Capacity Modules:  The modules absorb sunlight from both sides, with capacities ranging from 540-545 Wp each.

  • Reinforced Market Leadership: Waaree Energies solidifies its industry position as one of India's top photovoltaic(PV) module manufacturers with the new Rajasthan agreement.

  • Key Partnership: The solar module supply contract is for Acciona Energy's subsidiary Juna Renewable's project, although additional details about the order were not disclosed by the company.

Takeaways
  • Leadership Reinforced:

    • Waaree Energies solidifies leadership with a bi-facial module supply for the Rajasthan project.

  • Commitment to Sustainability:

    • Demonstrates commitment to innovation and sustainability in solar energy solutions.

  • Industry Positioning:

    • Positions Waaree as a pivotal player in advancing India's renewable energy landscape.

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