Waaree Energies Ltd. has secured orders for 524 MWp of solar photovoltaic (PV) modules, with deliveries scheduled across the fiscal years 2024-25 and 2025-26. The orders, totaling 364 MWp and 160 MWp, are from renewable energy developers and operators within India.
These contracts follow earlier orders for 600 MWp and 180 MWp solar modules in November, adding to Waaree Energies’ expanding portfolio since its October 2023 stock market listing. The company’s shares were listed at ₹2,500 on the NSE and reached ₹3,743 on November 6 before undergoing corrections.
Waaree Energies operates with an installed PV module manufacturing capacity of 12 GW as of June 2023, supported by five manufacturing facilities located in Gujarat and Uttar Pradesh. The company manufactures PV modules for renewable energy developers and other clients across India.