Waaree Energies powers India’s solar ambitions with a massive 500 MW module order, fueling the nation’s journey toward 500 GW non-fossil fuel capacity by 2030.
Mumbai base Waaree Energies Limited, one of India’s leading solar module manufacturers, has secured a 500 MW solar module supply order from a prominent domestic solar power developer and Independent Power Producer (IPP). The supply is scheduled for the Financial Year 2026‑27, marking a significant boost to Waaree’s utility-scale solar portfolio.
This milestone aligns with India’s renewable energy goals, as the country aims for 500 GW of non-fossil fuel capacity by 2030, with solar playing a pivotal role in meeting the target.
● Order Volume: 500 MW of high-efficiency solar PV modules
● Customer: Leading domestic IPP engaged in utility-scale solar projects
● Supply Timeline: FY 2026‑27
Manufacturing Strength: Powering India’s Solar Push
● Waaree Energies boasts one of India’s largest solar module manufacturing capacities, with:
● Domestic Capacity: ~19.7 GW across multiple facilities in India
● Global Capacity: ~22.3 GW, including operations in the United States (~2.6 GW)
● Recent Expansion: 1.5 GW added at its Samakhiali plant in Gujarat to support high-efficiency solar module production
● ALMM Certification: Indian facilities are MNRE‑approved for utility-scale solar deployment
This robust manufacturing capacity ensures Waaree Energies can meet large-scale domestic and international orders, supporting India’s solar energy expansion and its non-fossil fuel targets.
Strategic and Market Impact
The 500 MW order strengthens Waaree Energies’ order book and revenue visibility for FY 2026‑27. Market analysts note that such contracts enhance investor confidence, as India ramps up utility-scale solar capacity to achieve its 500 GW clean energy goal by 2030.
About Waaree Energies Limited
Founded in 1989, Waaree Energies is a pioneer in solar module manufacturing in India, delivering solutions for utility-scale, commercial, and residential projects. Known for innovation and reliability, the company continues to play a critical role in India’s energy transition.
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