Waaree Energies Ltd today announced that it has partnered with IRCON Renewable Power Ltd to supply over 200 MW of solar PV modules complying with domestic content requirement (DCR).
IRCON Renewable Power Ltd, an arm of the public-sector undertaking IRCON International Ltd, is a special purpose vehicle to set up a 500 MW grid-connected solar PV project awarded by the Indian Renewable Energy Development Agency Ltd (IREDA). The modules supplied by Waaree Energies Ltd will be utilized by IRCON in Pavagada, Karnataka.
Waaree Energies Ltd, the flagship company of the Waaree Group, is India’s largest solar module manufacturer with an installed capacity of 12 GW. It has four state-of-the-art solar module manufacturing facilities and a presence in over 388 locations nationally and 20 countries internationally. The company plans a public issue of its equity shares in the near future and is in the process of filing a draft red herring prospectus with the Securities and Exchange Board of India.
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