The renewable energy company is going to get the supply of 180 MW solar modules from Wari Energies Limited soon. The company issued a statement on monday saying that its supply will start from the financial year 2025-26. Let us tell you that just a few days ago, Wari Energies Limited, India's largest solar PV module manufacturer, has got a contract to supply 180 MW solar modules from the Renewable Energy Company of the government of India.
Increasing confidence of investors on the company's shares
This deal is no less than a milestone for Wari Energies, which shows the important role of the company in the rapidly growing renewable energy sector of India. The company has also been awarded the letter of Award, which increased both its recognition and reputation in the market. After the statement issued by the company today, the shares of solar panel manufacturer Wari Energies Limited closed at Rs 2,635.75 per share with a gain of 1.2 percent on the bombay Stock Exchange (BSE). This shows the increasing confidence of investors towards the company.
India's renewable energy capacity will increase
With this order, there will be maximum supply of PV modules from Wari Energies in the country, which will help in fulfilling the government of India's target in the renewable energy sector. This will reduce greenhouse emissions as well as benefit the environment. The company aims to increase its solar module production capacity to 20.9 gigawatts by 2027.
Let us tell you that Wari Energies Limited is one of the largest solar companies in the country. The company not only manufactures solar PV modules, batteries and other solar products, but also supplies them on a large scale. Waaree Energies' products such as multicrystalline, monocrystalline and advanced Topcon solar modules are being used all over the world including India. By 2024, the company's capacity was 13.3 gigawatts (GW), while by 2021 its capacity was only up to 2 GW.
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