Waaree Energies said it has secured orders for the supply of solar panels totaling 524 MWp, split into batches of 364 MWp and 160 MWp. The awarding companies develop, own and operate sustainable energy projects in India.
Waaree Energies said that under the contract it will supply high-efficiency n-type TOPCon bifacial PV modules with a power of 585 Wp, 590 Wp and 595 Wp.
Delivery of modules is expected to begin in the 2024-25 financial year and the 2025-26 financial year.
Mumbai-based Waaree Energies operates manufacturing facilities with a PV module capacity of 13.3 GW, including 1.3 GW under Indosolar.
The company has a presence in India and more than 25 countries. It offers engineering, procurement and construction (EPC) services and handles project development, in addition to panel production.
Bloomberg New Energy Finance (BNEF) has recognized Waaree as a tier-1 solar panel manufacturer. It also operates a NABL accredited testing laboratory.
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