Waaree Energies Ltd, India’s largest manufacturer of solar PV modules, has announced a strategic CSR initiative in partnership with IIT Bombay to advance research and development in solar perovskite cells.
Under the partnership, Waaree Energies and IIT Bombay will jointly work on creation of an advanced fabrication and characterization setup for high-efficiency perovskite solar cells.
Perovskite solar cells represent a breakthrough in solar technology with their remarkable light absorption and efficiency potential. The setup at IIT Bombay will provide a sophisticated platform for students and researchers to pioneer clean energy solutions.
“This partnership with IIT Bombay represents our enduring commitment to innovation and empowering the youth with world-class research facilities,” said Amit Paithankar, CEO of Waaree Energies Ltd. “By supporting R&D in high-efficiency perovskite solar cells, we’re enabling students to explore the forefront of solar technology—a field poised to become one of the largest employment generators in the coming years.”
Prof. Ravindra Gudi, Dean Alumni & Corporate Relations, IIT Bombay, said, “At IIT Bombay, we are committed to advancing solar power R&D by fostering innovation and creating opportunities for the next generation of researchers and engineers. Waaree’s generous investment will empower our students and faculty to push the boundaries of high-efficiency solar technologies, including pioneering work in perovskite solar cells.”
Headquartered in Mumbai, Waaree Energies operates manufacturing facilities with an installed capacity of 13.3 GW for solar PV modules (including 1.3 GW of Indosolar). With presence across India and 25+ countries worldwide, it offers solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems.
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