waaree energies

Waaree Energies has raised US$120 million from investors to expand its module and cell production capacity in India.

Indian module manufacturer Waaree Energies has struck a multi-year supply agreement with CubicPV, a merger between US-based wafer producer 1366 Technologies and Hunt Perovskite Technologies (HPT), under which Waaree will receive 1GW of silicon cells per year from CubicPV’s Indian factory.

Indian module manufacturer Waaree Energies is taking advantage of rising interest in its products from export markets as it looks to maintain a full order book, the company’s CEO has said.

Solar manufacturing equipment provider Yingkou Jinchen Machinery (Jinchen) is to supply India’s Waaree Energies with a 3GW automated production line.