Waaree Energies cumulative solar module shipments nearing 2.5GW

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Waaree has observed the highest cumulative demand has come from Western India, due to the C&I sector. Image: Waaree

India's largest solar panel manufacturer, Waaree Energies said it was closing in on achieving cumulative solar module shipments of 2.5GW as its recent capacity expansions took nameplate production to 1.5GW. 

Waaree noted that it had shipped PV modules to 6 continents, across 68 countries, while India remained its key market. 

Waaree has observed the highest cumulative demand has come from Western India, due to the C&I sector, while Southern India was growing, due to large-scale PV power plant projects. However, the company noted that the India residential segment had experienced a 60% increase in demand, compared to 2018, on account of government policies.

Waaree also noted that the overall solar PV market has witnessed growth of 40% since 2018.

Sunil Rathi, Director Sales & Marketing, Waaree Energies Ltd said, “Waaree Energies has witnessed an increasing demand for clean energy in India and abroad. This is primarily due to the various awareness drives by the RE 100 mission. Moreover conventional sources of energy will now have to attain solar grid parity due to the cost effectiveness and this proposition has become a hit in the corporate segment.”

Waaree recently talked to PV Tech about its use of 'Merlin' module technology that is also fabricated for flexible solar substrates. 

Read Next

September 16, 2021
Australia’s government has committed AU$19.2 million (US$14 million) to implement the recommendations of a new report that that aims to improve regulation and compliance in the country’s rooftop solar sector.
September 13, 2021
The Indian state of Tamil Nadu is planning to develop 4GW of additional solar projects as well as new battery energy storage systems, according to local media.
PV Tech Premium
September 10, 2021
With inaccurate irradiation data potentially impacting profitability estimates of PV projects in Africa, calls have been made for solar players to invest in more accurate measurement tools and work together to support the commercial and industrial (C&I) sector’s growth.
September 10, 2021
Independent power producer ReNew Power has commissioned a 250MW portion of a 300MW solar plant in the Indian state of Rajasthan.
September 8, 2021
Solar EPC company iSun has bolstered its presence in the US residential segment through an acquisition of installer SunCommon.
September 6, 2021
India-based renewables developer Adani Green Energy has raised US$750 million through a green bond offer, securing the debt and equity needed to reach a 25GW renewables target.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021