Waaree Energies Ltd announced a groundbreaking agreement with Mahindra Susten, a renewable independent power producer (IPP). This collaboration solidifies Waaree Energies’ position in the industry, emphasising its commitment to advancing India’s clean energy transition.
According to a CRISIL report as of June 30, 2023, Waaree Energies stands as India’s largest solar PV module manufacturer, further supported by its National Accreditation Board for Testing and Calibration Laboratories (NABL) approved laboratory. The company’s remarkable capacity of 12 GW played a pivotal role in securing a deal with Mahindra Susten, positioning Waaree Energies as a frontrunner in delivering quality products within stipulated timelines.
As per the agreement, Waaree Energies Ltd will supply 280 MW of its cutting-edge AHNAY Series, Bi-55 545Wp solar modules to Mahindra Susten. The delivery of modules is anticipated during the third quarter of Fiscal 2025. These selected modules are bifacial Glass-to-Glass with an impressive 30-year output performance warranty, showcasing Waaree Energies’ commitment to efficiency and durability.
In a statement, Hitesh Doshi, Chairman & Managing Director, Waaree Energies Ltd, expressed his pleasure about the partnership, stating, “Delving into this partnership with Mahindra Susten brings immense pleasure to Waaree Energies Ltd. It is yet another step in our commitment to advancing India’s clean energy transition as we embark on this journey, providing 280 MW of our AHNAY Series, Bi-55 545Wp solar modules. Our mission revolves around promoting the widespread adoption of sustainable energy solutions through strategic collaborations and partnerships.”
Deepak Thakur, Managing Director & CEO, Mahindra Susten, shared his excitement about the partnership, stating, “We are pleased to announce our partnership with Waaree Energies Ltd for the supply of solar modules. Their ‘Made-in-India’ products perfectly align with our commitment to supporting ‘Atmanirbhar Bharat’ in our projects. In our pursuit of powering the nation with clean, sustainable energy, we are committed to significantly developing multiple IPP renewable energy projects. We are excited about the opportunities ahead as we expand our portfolio and contribute to a sustainable future with national energy transition.”
This strategic collaboration not only underlines the growth potential of the renewable energy sector in India but also highlights the role of indigenous companies in driving the nation towards a sustainable and self-reliant future.