Waaree Secures $105 Million Solar Modules Supply Order from US

Solar panel manufacturer Waaree Energies Ltd has bagged worth USD 105 million order for supply of 300+ MW solar panels in California, USA. However, the company didn’t disclose the name of the developer of the project.

September 03, 2020. By Manu Tayal

Solar panel manufacturer Waaree Energies Ltd has bagged worth USD 105 million order for supply of 300+ MW solar panels in California, USA. However, the company didn’t disclose the name of the developer of the project.

As per the agreement, the company will supply high efficiency 385, 390 Wp Mono PERC Solar PV modules. Further, the project for which the modules will be supplied is expected to be commissioned in second or 3rd quarter of 2021. Also, the electricity generated by the project will be sold through a power purchase agreement (PPA) in USA.

Commenting on the development, Sunil Rathi, Director Sales and Marketing, Waaree Energies Ltd, said, “this order is in line with Government of India’s vision of Atmanirbhar Bharat, and shows the capabilities of Indian manufacturers to compete in global market. This order shall bring 105 million dollars foreign exchange in our country and create hundreds of employment opportunity.”

He further added “we have recently completed the supply of 50 MW solar modules for a fortune 500 company in USA, and are expecting more such developments in USA. We plan to strengthen our base in USA by opening a local office in California shortly. Waaree’s commitment to quality and customer service has led us to become the preferred partner for solar modules globally. We proudly make in India and make it for the world”.

The company shipped its solar modules to 6 continents, across 68 countries. Moreover, it has maintained its position as the Bloomberg Tier 1 manufacturer for the last 22 quarters.

The company also claimed that its modules are trusted and financed by more than 50 leading banks and NBFCs globally. It has secured large scale marquee clients including developers, integrators, and EPC contractors globally.

Besides, the solar module maker has recently earned IECEE CB certifications for its Bifacial Solar Modules. This is first-of-its-kind certificate gained by any other company across globe. Meanwhile, it has supplied solar panels of more than 3 GW of capacity till date globally, and commissioned over 600 MW of solar EPC projects in India and South East Asia.

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