Waaree Energies Secures 180 MWp Solar Modules Order

Waaree Energies has received a letter of award (LoA) for the supply of solar modules for 180 MWp from a customer engaged in the business of owning, developing and operating renewable power projects in India. Supply is scheduled to commence in FY 2025-26.

January 21, 2025. By Mrinmoy Dey

Solar cell and modules manufacturer Waaree Energies has announced that the company has received a letter of award (LoA) for the supply of solar modules for 180 MWp from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India.

The supply of modules is scheduled to commence in FY 2025-26, the company informed in a regulatory filing.

Earlier this month, Waaree Energies secured a 150 MWp solar PV module order from a domestic player engaged in the business of owning, developing and operating renewable power projects. The contract included the supply of Waaree's flagship high-efficiency Glass N-type Topcon bifacial modules, rated at 585/590Wp.

In fact, the company has reported a slew of new orders and aggressive expansion plans to meet them since being listed in late October. In December 2024, the company announced receiving orders of 1 GW solar modules featuring advanced TOPCon 580Wp bifacial glass modules.

In early December, the company reported securing orders for 398 MWp and 524 MWp of solar modules. In December 2024, the company reported cumulative orders of about 1.9 GW.

The company operates five manufacturing facilities across Gujarat and Uttar Pradesh, with an installed capacity of ~13.3GW for solar PV modules (including 1.3GW of Indosolar).

Earlier this month, Waaree Energies started trial production in its 5.4 GW solar cell manufacturing plant in Chikhli, Gujarat. Further, a 6 GW integrated facility in Odisha too is in the advanced stages of planning.

Going beyond solar, Waaree's ambition is to move towards a broader energy transition theme. Hence, the company is also foraying into green hydrogen and battery energy storage systems.

Last month, Waaree Energies’ board approved an INR 850 crore investment for setting up a 300 MW electrolyser manufacturing plant and a 3.5 GWh lithium-ion storage cell manufacturing plant, along with INR 130 crore in capital expenditure for its inverter business.

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Solar PV

Waaree Energies

Solar module supply order

Waaree Energies order book

Waaree Group

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Solar cell manufacturing unit