With a production capacity of [1.30 GW], factory marks a milestone in domestic manufacturing and is expected to accelerate employment opportunities and contribute towards propelling India’s journey towards achieving net-zero emissions
Situated in Noida’s industrial hub, this facility represents Waaree’s pursuit of excellence in solar technology. By implementing certain sustainable practices and utilizing energy-efficient processes, the factory is expected to produce quality solar solutions and contribute towards eco-friendly manufacturing initiatives, which aligns with India’s renewable energy transition objectives.
Hitesh Doshi, Chairman and Managing Director at Indosolar, said, “This new factory epitomizes our commitment to advancing solar technology and promoting sustainability. Through our manufacturing processes and our dedicated team’s expertise, we aim to propel India’s renewable energy agenda forward while creating employment opportunities for the local community. Moreover, this facility is expected to contribute towards fulfilling the surging demand for high-quality solar panels across the nation. We look forward to collaborating closely with our stakeholders to contribute towards the widespread adoption of solar power and to a more sustainable future for all.”
Waaree Energies (“WEL”) was founded in 1990. It is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023. WEL commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life
Source: www.businessworld.in
