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Waaree Energies signs 220MW solar module deal with Sprng Energy for Gujarat project

April 2, 2024 4:13 pm

Waaree Energies signs 220MW solar module deal with Sprng Energy for Gujarat project

Collaboration underscores commitment to India’s renewable energy growth and domestic manufacturing emphasis.

Waaree Energies Limited (“Waaree”) has announced the signing of a contract with Sprng Energy Private Limited, a Shell group company, for the supply of 220MW of solar PV modules. Under this agreement, Waaree Energies Limited will provide 220MW of AHNAY Series Bi-55 545Wp modules, which will be used for Sprng’s project in Gujarat. Sprng Energy Private Limited is a renewable energy platform established in India in 2017. The company has renewable energy projects spanning the country, with a cumulative contracted capacity exceeding 4.8GWp and an operational portfolio of 2.3GWp.

Commenting on the agreementHitesh Chimanlal Doshi, Chairman & Managing Director, Waaree Group, expressed, “We are happy to associate with Sprng Energy on their 220MW solar module supply deal. This exemplifies Waaree’s commitment to increase the penetration of renewable energy in India. We believe we are equipped to make a contribution to several solar projects with the delivery of our solar PV modules.  This collaboration stands as an opportunity for Waaree to take on a crucial role in advancing India’s green energy sector, aligning with our dedication to national sustainability objectives.”

Gaurav Sood, CEO, Sprng Energy, said, “Teaming up with Waaree Energies Limited for modules for our project is aligned with the GoI’semphasis on domestic manufacturing and Make in Indiainitiative. Sprng is glad to partner with Waaree.This partnership will enable our vision for robust and reliable renewable energy solutions. As we continue to expand our portfolio capacity, Waaree’s track record in the industry positions them as an ideal partner for ourproject. We anticipate a successful collaboration that contributes to our commitment to continuously supply green electrons in the national grid.Sprng shall continue to invest in India’s clean energy future and its journey is a testament to belief in a sustainable future for India.”

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