India's Waaree Energies lifts PV module production capacity to 2 GW
Image source: RattanIndia Power Limited
Indian solar module maker Waaree Energies Ltd has expanded its manufacturing capacity to 2 GW, seeking to meet increased demand.
The Mumbai-based manufacturer has two factories in the state of Gujarat, in Surat and Umbergaon, which have reached a production level of 2 GW, increasing from 1.5 GW previously. As a result, the manufacturing capacity has been upgraded to 5.7 MW per day, the company said on Tuesday, adding the move will result in the creation of 550 direct and 350 indirect jobs in the sector.
At present, the bulk of photovoltaic (PV) panels in India are imported from the Chinese market. Waaree’s goal is to bridge this demand and supply gap and “inch towards a viable indigenous ecosystem,” said Sunil Rathi, the company’s sales and marketing director.
Waaree Energies, part of India’s Waaree Group, has so far supplied over 2.5 GW of PV panels in its home market. The company is also involved in the solar engineering, procurement and construction (EPC) segment and has commissioned over 600 MW of capacity.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.