Waaree Renewable Technologies Limited, formerly known as Sangam Renewables Limited, has been awarded a Letter of Intent (LOI) by Mahatma Phule Renewable Energy & Infrastructure Technology Limited (MahaPreit) to execute a 1 MW Green Hydrogen project in Maharashtra on a Built-Own-Operate basis. The project is expected to be completed within 12 months from the date of receiving the LOI, and will contribute to the development of sustainable energy infrastructure in Maharashtra.
Earlier this month, The Solar Energy Corporation of India (SECI) which is responsible for the development and promotion of solar energy in India, has announced the successful bidders under the second phase of the performance-linked incentive (PLI) program. The program is aimed at incentivizing the domestic production of solar modules in India with a target of manufacturing 39.6 GW of solar modules. The winning bidders are eligible for the financial incentives based on their production capacity and efficiency of their solar modules. In the winning list Waaree Energies is eligible for Rs 1923.24 Cr for manufacturing 6 GW of modules.
Waaree Renewable Technologies Limited is a leading Indian solar PV module manufacturer and EPC solutions provider. The company has a significant presence in the solar industry across India and globally.
