In a significant achievement, Waaree Energies Ltd has once again emerged as a frontrunner in the latest edition of the Kiwa PVEL PV Module Reliability Scorecard for 2024. This marks the third consecutive year that the company has clinched this prestigious recognition, reaffirming its commitment to quality and performance excellence in the solar energy sector.

The accolade, bestowed through PVEL’s rigorous Product Qualification Program (PQP) and annual reliability scorecard, underscores Waaree Energies' unwavering dedication to delivering top-notch solar modules. The evaluation encompasses a comprehensive assessment of module quality, performance, and reliability across six key test categories, including power degradation, wet leakage, visual inspection, diode failure, and energy yield simulations.

PVEL's benchmarking initiative serves as a vital resource for developers, financiers, and asset owners, empowering them with crucial data to make informed decisions regarding solar procurement and investments. By consistently excelling in these assessments, Waaree Energies not only solidifies its reputation as a market leader but also provides stakeholders with the confidence to pursue sustainable solar projects.

Waaree Energies holds the distinction of being India's largest manufacturer of solar PV modules, boasting an impressive aggregate installed capacity of 12 GW as of June 30, 2023, according to the CRISIL Report. With four state-of-the-art solar module manufacturing facilities strategically located across India and a growing international presence, the company remains at the forefront of driving solar energy adoption on a global scale.