Waaree Energies partners IRCON Renewable to supply 200 MW of DCR category solar PV modules

The modules supplied by Waaree Energies Limited will be utilised by IRCON in Pavagada, Karnataka.

Waaree Energies Limited, one of the major renewable energy companies, has announced a partnership with IRCON Renewable Power Ltd. to supply over 200 MW of DCR category solar PV modules.

IRCON Renewable Power Ltd., a subsidiary of the public sector undertaking IRCON International Ltd., is a Special Purpose Vehicle for the setting up of a 500 MW grid-connected solar PV project, awarded by the Indian Renewable Energy Development Agency Limited (IREDA). The modules supplied by Waaree Energies Limited will be utilised by IRCON in Pavagada, Karnataka.

Commenting on the partnership, Sandesh Shetty – National Sales Head, Waaree Energies Ltd said, “Leveraging solar energy to help drive India’s clean energy transition is a mission that we at Waaree share with IRCON. We take pride in ourselves on our commitment towards maintaining the standards of quality and reliability in our products. It is a pleasure to work with the team at IRCON, and to contribute to this undertaking with our solar PV modules.”

With a capacity of 12 GW, Waaree Energies Limited is India’s largest solar module manufacturer in terms of installed capacity, as well as an independent power producer. The Company has a presence in over a large number of locations in India, and over 20 countries worldwide as on June 30, 2023.

Disclaimer

Waaree Energies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a public issue of its equity shares in the near future and is in the process of filing a draft red herring prospectus with the Securities and Exchange Board of India. This announcement is not an offer for sale of securities in the United States.

The equity shares of the Company may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.