Waaree Energies Ltd. has announced a significant milestone by securing a 1 GW solar module supply order from a prominent Indian company engaged in renewable power projects. The supply, scheduled to commence in FY 2024-25 and FY 2025-26, is a one-time domestic order.
Key Details:
- Order Size: 1 GW of solar photovoltaic (PV) modules.
- Customer Profile: Renowned renewable energy developer and operator in India.
- Execution Period: Spanning across FY 2024-25 to FY 2025-26.
- Nature of Order: One-time domestic contract.
- No Related Party Involvement: The company confirmed no promoter or group interest in the transaction, ensuring it adheres to arm’s length standards.
The company stated in its filing, “This is to inform you that Waaree Energies has received an order for the supply of solar modules of up to 1 GW, reinforcing our leadership in the renewable energy sector.”
This order further strengthens Waaree Energies’ position in India’s renewable energy landscape and underscores the company’s commitment to supporting the nation’s clean energy goals.
