Waaree Places Order For 3 GW Module Production Line

• Waaree Energies of India has placed an order for 3 GW solar module production capacity
• China's Yingkou Jinchen Machinery will supply the company with high efficiency automated line with this capacity
• Delivery of the equipment will be completed by April 2021 and Waaree will put it into production by June 2021

Indian solar PV module manufacturing company Waaree Energies Ltd. is expanding its annual production capacity by 3 GW with the help of Chinese PV equipment producer Yingkou Jinchen Machinery. It will take Waaree's cumulative installed annual production capacity to 5 GW from the current 2 GW which it currently produces at its Surat and Umbergaon plants in Gujarat.

Local Chinese and Indian media portals reported that Jinchen will supply Waaree with a 'high efficiency PV module' automated production line in Mumbai by April 2021. Waaree plans to put it in production by June 2021.

Back in July 2020, Waaree had told The Financial Express that the company plans to increase its manufacturing capacity to 4 GW in 3 quarters (see Over 300 MW Solar Module Order For Waaree Energies).

Waaree is the strategic manufacturing partner for Azure Power to develop 500 MW capacity as part of Solar Energy Corporation of India's (SECI) manufacturing linked tender that the latter won under which Azure Power needs to deploy 4 GW of solar power project capacity along with 1 GW of manufacturing capacity (see 2 GW Greenshoe Option LOA For Azure Power). The company has been growing its clout overseas as well as it secured over 300 MW monoPERC solar module order from the US in September 2020, after having completed a 50 MW order for another US based client (see Over 300 MW Solar Module Order For Waaree Energies).