Reading Time: 3 minutes
Waaree Energies, India’s leading solar PV module manufacturer, has Supplied 335 Wp polycrystalline solar modules for a project developed by LR Energy Private Limited. The size of the project is 20 MW located at Tehsil, KHATONI No. 93 NIM, Khewat no. 66 MIN, Khasra no. 52/4 Village Jhanwari, Tosham Rural, Haryana 127040. Waaree has supplied 17 MW of polycrystalline 335 Wp solar modules for this project. The project was commissioned in August 2021. The finance for this project was taken from IREDA on a “Non – recourse basis.”
Having multiple global certifications, Waaree aims to ensure Environmental Safety and Quality measures and performs multiple tests at various manufacturing stages.
Waaree Energies Ltd is one of India’s leading Solar PV Module manufacturers with a capacity of 2 GW’s at its facilities in Surat, Tumb, and Nandigram in Gujarat. The vision of Waaree Energies is to provide quality, cost-effective sustainable energy solutions across markets. It provides EPC services, project development, rooftop solutions. It has presence across India.
Disclaimer: Waaree Energies Limited is proposing, subject to receipt of requisite approvals, market conditions, and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at http://www.sebi.gov.in as well as on the websites of the book running lead managers, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, and Intensive Fiscal Services Private Limited, respectively, and the websites of the stock exchange(s) at http://www.nseindia.com and http://www.bseindia.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available.
Potential investors should not rely on the DRHP for any investment decision.
This announcement is not an offer for the 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.