Waaree Energies' recent collaboration with IRCON Renewable Power marks a pivotal moment in India's renewable energy landscape. By supplying an impressive 200 MW of DCR category solar PV modules, the partnership is set to significantly contribute to the success of IRCON Renewable Power's ambitious 500 MW grid-connected solar PV project in Pavagada, Karnataka. The strategic significance of this collaboration is underscored by the involvement of Ircon International, a key player in the public sector.
The successful acquisition of this substantial project through a contract with the Indian Renewable Energy Development Agency Limited (IREDA) highlights the effectiveness of public-private partnerships in driving large-scale renewable energy initiatives.
Sandesh Shetty, National Sales Head at Waaree Energies, emphasized the shared commitment to steering India's clean energy transition. This aligns with the country's broader goals of reducing carbon emissions and increasing reliance on sustainable energy sources.
Waaree Energies' role as India's leading solar module manufacturer, with an impressive capacity of 12 GW, positions the company at the forefront of the renewable energy sector. Their dual role as an independent power producer further solidifies their influence in shaping the future of solar energy in India.
The strategic deployment of Waaree Energies' solar PV modules in the Pavagada region not only contributes to immediate infrastructure expansion but also sets a precedent for sustainable energy adoption in similar projects nationwide. This move aligns with global efforts to transition towards cleaner energy sources and mitigates the environmental impact of traditional power generation.
As of June 30, 2023, Waaree Energies' global footprint in over 20 countries signifies the company's commitment to advancing solar energy adoption on a global scale. This collaboration, therefore, not only reinforces Waaree Energies' industry leadership but also represents a significant step towards a more sustainable and renewable energy future for India. The ripple effect of such partnerships extends beyond business interests, playing a crucial role in shaping the trajectory of India's energy landscape.
Waaree Energies Unlisted Shares
Waaree Energies Limited unlisted share are highly sought-after in the unlisted market. As of December 2023, the Waaree Energies Limited unlisted share price is Rs. 995. Evaluating the past year's trajectory, Waaree Energies unlisted share has demonstrated impressive performance, with the share price climbing from Rs. 900 in December 2022 to the Rs. 995 in December 2023, marking a significant growth of almost 11%.