Waaree Energies Limited are the largest manufacturer of solar photovoltaic (PV) modules in India, with a substantial aggregate installed capacity of 12 GW as of June 30, 2024 (Source: CRISIL Report). In Fiscal Year 2024, they ranked second in terms of operating income among all domestic solar PV module manufacturers in the country (Source: CRISIL Report). Since their inception in 2007, they have focused on producing high-quality, cost-effective solar PV modules, with the overarching goal of providing sustainable energy solutions that help reduce the carbon footprint and contribute to improving the quality of life.

Over the years, they have significantly scaled their manufacturing capacity, growing from 4 GW in Fiscal Year 2022 to 12 GW by mid-2024. Their success in rapidly expanding capacity reflects their operational efficiency and ability to execute large-scale projects. In addition, after June 2024, they commissioned a 1.3 GW solar module manufacturing facility in Noida, Uttar Pradesh, through their subsidiary, Indosolar Limited, further boosting their production capabilities.

They manufacture solar PV modules using advanced technologies such as multicrystalline cell technology, monocrystalline cell technology, and Tunnel Oxide Passivated Contact (TopCon) technology, which enhances energy efficiency by reducing energy loss.

Their product portfolio includes a variety of PV modules:

i. Multicrystalline modules
ii. Monocrystalline modules
iii. TopCon modules, including flexible bifacial modules (Mono PERC), both framed and unframed, as well as building-integrated photovoltaic (BIPV) modules.

As of the latest information, they operate five manufacturing facilities across India, covering a total area of 143.01 acres. These facilities are located in Surat, Tumb, Nandigram, Chikhli in Gujarat, and the IndoSolar facility in Noida, Uttar Pradesh. These facilities form the backbone of their production capabilities, positioning them as a leader in the Indian solar energy sector.