Waaree Energies Limited Wins 200 MW Module Supply Mandate from ENGIE India

Waaree Energies Limited, India’s leading PV solar module manufacturer, announced that it has received a mandate from ENGIE India Pvt. Ltd. for supply of 200 MW of solar modules for a solar power project in Sayla village in the Surendra Nagar district of Gujarat.

ENGIE India Pvt. Ltd. is a subsidiary of the French-based ENGIE Group, a global player in low carbon energy and services. The company is developing the Sayla village project, designated as GUVNL, under a 25-year solar power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL).

Waaree Energies Limited has consistently received a tier-I PV module maker rating Bloomberg New Energy Finance for all the years between Fiscal 2018 and Fiscal 2023. The quality and reliability of the company’s modules, coupled with its capabilities to cater to large-scale utility requirements, has made Waaree a preferred supplier of choice for solar power projects in India, the United States, and various other jurisdictions across the globe. Waaree is also one of the leading suppliers of solar modules to the U.S. market.

Commenting on the mandate, Mr. Hitesh Doshi, Chairman & Managing Director, Waaree Group, said, “This mandate from ENGIE India Pvt Ltd. is a validation of Waaree’s status as India’s leading PV solar module manufacturer. We take pride in our commitment to the best standards of quality and reliability for our modules. Waaree is committed to driving the clean energy transition in India, and across the globe, and we look forward to contributing to further projects that are in line with this objective.”

Waaree’s supply mandate with ENGIE is expected to commence from November this year and is expected to be completed by February 2024. The 200 MW of AHNAY 545 Wp Bifacial modules to be supplied by the company for the Sayla village project will generate 34 crore units of electricity per annum.

Waaree Energies Limited | https://www.waaree.com/

ENGIE India Pvt. Ltd. | https://www.engie.com/en/business-case/engie-x-solar-energy-india