Waaree Energies Limited has bagged new orders worth USD2.37 billion from India and international markets.
The orders are for supplying high-efficiency bifacial solar panels of 540Wp (watt peak) and 600Wp. These panels will be produced in Waaree’s manufacturing facility using M10 and M12 cells. The orders are consistent with government’s vision of Atmanirbhar Bharat, and will bring in over USD2 billion in foreign exchange while creating hundreds of job opportunities. Waaree currently has a 4 GW photovoltaic (PV) module manufacturing capacity and plans to add another 5 GW by December 2022. Around 4 GW solar cell manufacturing capacity is expected to be operational by March 2023.