Waaree Energies Limited, an Indian manufacturer of solar photovoltaic modules, has announced the delivery of 445MW of 540/545Wp bifacial modules for solar projects in Bikaner, Rajasthan. The contract, scheduled to run from May to August 2024, marks a milestone in Waaree Energies’ contribution to India‘s energy transformation, meeting growing electricity demand and supporting national carbon neutrality targets. The project, in partnership with Statkraft India, aims to boost the region’s renewable energy production capacity and reduce carbon emissions. Hitesh Doshi, Chairman and CEO of Waaree Energies, said, “This partnership with Statkraft India represents a crucial step in our joint mission to contribute to India’s energy transformation. By harnessing solar energy and our technology, we are not only lighting up homes, but also contributing to economic growth and job creation in the region.”
Energy Capacity Building and Sustainable Development
Waaree’s bifacial solar modules are designed to maximize energy efficiency by capturing sunlight on both sides of the panels, thereby increasing energy production. The impact of this project goes beyond energy production. It is part of a broader approach to promoting environmental sustainability and reducing carbon emissions.
Economic and social impact
The Bikaner project is not only a technological feat, but also an initiative with a strong economic and social impact. By stimulating local production and creating jobs, this project strengthens the regional economy. What’s more, by improving access to clean, affordable energy, it helps improve the quality of life of local communities. Waaree Energies, founded in 1990, has established itself on the Indian market for solar photovoltaic modules. With an installed capacity of 12GW by June 30, 2023, the company continues to expand its influence in India and internationally. Its four manufacturing facilities in India testify to its commitment to providing sustainable, cost-effective energy solutions.
Outlook for the future
By increasing renewable energy production capacity and promoting sustainable practices, these initiatives are helping India to reduce its dependence on fossil fuels and move towards a cleaner energy future. The partnerships between Waaree Energies and Statkraft India show how collaboration can accelerate progress in the renewable energy sector. These projects are essential to achieving carbon neutrality and promoting sustainable economic growth. The 445MW solar project in Bikaner by Waaree Energies and Statkraft India represents a breakthrough in the promotion of renewable energy in India. By combining technological innovation with a commitment to sustainable development, this project contributes not only to India’s energy transition, but also to its economic and social development.
