Waaree Energies Advances with Massive 5.25 GW Solar Cell Facility for Waaree solar manufacturing
Waaree Energies, a leading solar panel manufacturer in India, has received a significant approval from the Indian government to establish a major solar cell manufacturing facility. The company’s new plant in Degam, Chikhli, Gujarat, has been included in the Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM) List-II, marking a crucial step in strengthening India’s domestic solar supply chain.
The project, backed by an investment of 17 billion INR, will have a planned annual capacity of 5.25 GW. This is a substantial boost to the nation’s production capabilities and a key development for the entire solar panel manufacturing process. The facility will focus on producing high-efficiency solar cells, including 3,923 MW of N-type TOPCon cells and 1,328 MW of P-type PERC bifacial cells. This move highlights a strategic focus on advanced technologies to meet growing energy demands. Understanding the plant cost breakdown for such a large-scale project underscores the significant capital commitment to domestic manufacturing.
This approval is a cornerstone of India’s efforts to increase its self-reliance in the renewable energy sector. By adding 5.25 GW of capacity, Waaree Energies is not only expanding its own operations but also contributing significantly to the national goal of increasing India’s solar cell manufacturing prowess. With this addition, the total capacity under the ALMM List-II has now reached an impressive 23.7 GW.
The strategic importance of this development cannot be overstated. It reinforces backward integration in India’s solar value chain, reducing dependence on imported components like solar cells, which are fundamental solar panel raw materials. This move will help stabilize the supply chain for the rapidly growing India solar capacity, which includes everything from utility-scale farms to India’s rooftop solar installations. Furthermore, a robust domestic manufacturing ecosystem is essential for bolstering India’s solar exports and establishing the country as a global solar powerhouse.
In conclusion, Waaree Energies’ new facility is more than just an expansion; it’s a powerful endorsement of the “Make in India” initiative and a critical component in the country’s clean energy transition.
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