A major 200 MW module supply deal has been secured by Waaree Energies, an important solar PV module manufacturer in India, from ENGIE India, a division of the internationally recognised ENGIE Group, which is known for its efforts in low-carbon energy and services. The solar plant included under the contract is situated in Gujarat’s Surendra Nagar area.
The solar project, known as GUVNL 2, is being developed by ENGIE India in accordance with Gujarat Urja Vikas Nigam (GUVNL) under a 25-year solar power purchase agreement (PPA). Through this agreement, Waaree Energies will be in charge of providing 200 MW of solar modules for the Sayla village project in Gujarat.
The specific amount of the deal is still unknown, but Waaree Energies’ status as one of India’s top producers of solar modules is strengthened by this partnership.
The supply arrangement is scheduled to begin in November of this year and is anticipated to be completed by February of 2024. With 200 MW of AHNAY 545 Wp Bifacial modules installed, the project would be able to produce an astounding 340 million units of electricity each year.
Waaree Energies has distinguished itself as the only solar module producer in India to obtain a Tier 1 rating from BloombergNEF for a remarkable 35 quarters running. The company is a popular supplier for solar power projects not just in India but also internationally due to its reputation for producing bankable and dependable modules and its ability to meet large-scale utility requirements.
This partnership demonstrates Waaree Energies and ENGIE India’s dedication to advancing low-carbon and sustainable energy solutions, enhancing India’s renewable energy sector and supporting the country’s clean energy objectives.