Waaree Energies Limited

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About the Company

Founded in 1989, Waaree Energies is engaged in solar panel manufacturing and providing complete solar EPC solutions, having commissioned 1+ GW of solar EPC projects. It has a wide range of innovative products, including solar inverters, lithium-ion batteries for energy storage with a production capacity of 400MWh, solar thermal, and Solar & Industrial cables. The company is also aiming to be a vertically integrated company with cell manufacturing. It has recently acquired Indosolar and expanding its cell manufacturing to 5.4 GW. It has a strong presence in providing solar rooftops and solar water pumping solutions. The company has significantly expanded its aggregate installed capacity from 2 GW in Fiscal 2021 to 9 GW, as of March 31, 2023, which further increased to 12 GW as of June 30, 2024. After June 30, 2024, It has further commissioned 1.3 GW of solar module manufacturing facility at Noida, Uttar Pradesh through its subsidiary, Indosolar Limited. As of June 30, 2023, The company is operating five manufacturing facilities in Surat, Tumb, Nandigram, Chikhli in Gujarat and Noida spread over an area of 143.01 acres.