Waaree Energies Secures 362.5 MWp Solar Modules Supply Order
Waaree Energies has secured a 362.5 MWp solar module supply order from Khaba Renewable Energy, a subsidiary of Engie India. This order consists of the supply of advanced 600Wp Elite BiN-08 N Type TopCon solar modules, designed to enhance energy efficiency and sustainability. The supply of modules is scheduled to commence in FY 2025-26.
February 19, 2025. By Mrinmoy Dey
The supply of modules is scheduled to commence in FY 2025-26, the company informed in a regulatory filing.
The modules will be deployed for NHPC. This partnership not only reinforces Waaree's commitment to providing high-quality solar solutions but also highlights the growing demand for clean energy in the region.
Commenting on the development, Dr. Amit Paithankar, Whole-Time Director and CEO of Waaree Energies Ltd., stated, “We are pleased to partner with Khaba Renewable Energy and NHPC on this important order. Our Elite BiN-08 N Type TopCon modules provide performance and durability that are essential for large-scale renewable energy projects. In a time when sustainable energy solutions are crucial for addressing climate change, our modules enhance energy efficiency and help reduce the carbon footprint associated with power generation.”
He further added, “We prioritise our ability to deliver projects on time, fostering trust and transparency with our partners. Our focus on innovation and quality ensures that we meet expectations, positioning us as a reliable player in the renewable energy sector. As we work together on this project, we are confident that our collaboration will contribute to progress in the industry.”
In January 2025, the company 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.
In January, the company also 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).
In January 2025, Waaree Energies started trial production in its 5.4 GW solar cell manufacturing plant in Chikhli, Gujarat. And, in February 2025, the company commenced commercial production at its 1.4 GW Mono PERC solar cell line 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.
Earlier this month, the company announced the ground-breaking ceremony of its state-of-the-art Electrolyser Manufacturing Facility in Valsad, Gujarat. The facility will initially commence operations with a production capacity of 300 MW in Phase I.
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