Waaree Energies Limited is one of India’s leading solar PV module manufacturers and a prominent player in the renewable energy sector. Established in 1989, the company is based in Mumbai and operates in over 380 locations across India and 68 countries globally.
Waaree Energies provides a wide range of solar products, including Solar PV modules, Solar inverters, Solar batteries, Solar water pumps, EPC (Engineering, Procurement, and Construction) services for solar power projects.
Waaree Energies Limited is preparing for an IPO with an estimated size of around ₹4,450 crore. Here’s a snapshot of the company and its financials:
Operational Capacity:
- Solar Module Manufacturing: 12 GW
- EPC (Engineering, Procurement, and Construction): 700 MWp
- O&M (Operations and Maintenance): 500 MWp
- IPP (Independent Power Producer): 100 MWp
Capacity Expansion Roadmap:
- Solar Ingot Capacity: 7 GW
- Solar Cell Capacity: 11 GW
- Solar PV Module Capacity: 21 GW
Additional Information:
- 5.5 GW of capacity is under construction and expected to commence in FY24-25.
- Waaree is establishing a 1.8 GW module manufacturing facility in the US.
Orderbook:
- The company has an orderbook of 2,000 MW, showing strong future business potential.
Largest Manufacturer of Solar PV Modules (waaree.com)
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