Mumbai-based solar manufacturer Waaree Energies has announced a 300+ MW module supply deal with a US-based developer. Under the deal worth $105 million, it will supply modules for a California project, which is likely to get commissioned by end of the third quarter of 2021.
The project shall install Waaree’s high-efficiency 385Wp and 390 Wp mono-PERC solar modules. The renewable power generated by the project will be sold through a power purchase agreement in the USA.
“The modules supplied [by Waaree] shall undergo rigorous quality tests and shall be inspected by one of the world’s top third-party agency, at Waaree’s state-of-the-art module manufacturing facility”—read a company statement.
The supply deal comes on the back of an earlier 50 MW order from another developer in the USA.
Speaking on this achievement, Sunil Rathi, Director-Sales and Marketing, Waaree Energies, said, “This order is in line with Government of India’s vision of Atmanirbhar Bharat, and shows the capabilities of Indian manufacturers to compete in the global market. This order shall bring 105 million dollars of foreign exchange in our country and create hundreds of employment opportunities.
“We have recently completed the supply of 50 MW solar modules for a fortune 500 company in USA and are expecting more such developments in USA. We plan to strengthen our base in the USA by opening a local office in California shortly.”
Waaree claims to have already supplied over 3 GW solar panels to date globally and commissioned over 600 MW of solar EPC projects in India and southeast Asia.
The company has a 2 GW state-of-the-art solar module manufacturing facility in India, which it claims to be the largest in the country.
It recently signed an MoU with the Gujarat government to set up a Rs 11-billion solar modules and cells manufacturing plant in the state. Coming up at Moda village in Valsad district, the latest plant will add to the manufacturer’s two solar modules manufacturing plants of 2 GW capacity in Surat and Umargam of the state.
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