Waaree Energies to Commence Cell Manufacturing in 5.4 GW Chikhli Plant in Mid-December
Waaree Energies is set to begin operations at its 5.4 GW solar cell plant in Gujarat by mid-December 2024. Further, a 6 GW integrated facility in Odisha is in the advanced stages of planning. The company is also foraying into green hydrogen and battery energy storage systems.
November 29, 2024. By Mrinmoy Dey
“We are actually commissioning the cell facility at this point in time. Dry runs of the cells have begun. We should be having commercial operations commencing, I would say, middle of December,” informed Paithankar on the status of the Chikhli cell manufacturing plant.
Talking about the integrated facility in Odisha he added, “It’s actually in fairly advanced stages of planning. We already have 595 acres of land allotted to us. Another 400 acres is being allotted very soon. From a design perspective, we are in advanced stages. The primary contracts related to design are already awarded, and the long-lead items are being negotiated as we speak.”
About the company’s US expansion plan, Paithankar revealed, “For the US, we have future capacity in mind, 3.4 GW of additional module capacity and potentially 5 GW of cell capacity. All of this is under evaluation. We are constantly observing and monitoring the situation in the United States, and are extremely bullish about the US market.”
Giving an overall view of the company’s manufacturing capabilities and expansion plan, he shared that the company will be having a total capacity of 13.3 GW in India, and 1.6 GW in the US – totalling to about 15 GW by the end of this financial year.
“By the end of FY’27, in India, we will be having 21 GW of module capacity and 11 GW of cell capacity. And then, of course, you can add to that the module capacity and the cell capacity that will potentially get added in the United States,” shared Paithankar.
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.
“Our electrolyser manufacturing plan is in advanced stages, and we should be in a position to communicate the same to you in the next two months' time. We are getting into renewable power infrastructure. Our Board has just sanctioned INR 600 crore of investment for this particular foray, which we are going to use for connectivity and for bidding,” revealed Paithankar.
please contact: contact@energetica-india.net.
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