Waaree Energies Limited, India’s leading renewable energy company, has achieved a significant milestone by becoming the first Indian solar PV module manufacturer to receive an ‘A’ category rating in PV Tech’s prestigious ModuleTech Bankability Ratings. This recognition underscores Waaree’s strong financial performance, stability, advanced manufacturing capabilities, and commitment to delivering high-quality and reliable solar modules.
The PV ModuleTech Bankability Ratings serve as an important benchmark for investors, developers, and Engineering, Procurement, and Construction (EPC) firms seeking to assess risk and ensure long-term returns in solar energy projects. This independent evaluation examines PV module manufacturers based on critical factors such as financial stability, production capacity, market reputation, after-sales support, and technological innovation.
Additionally, the assessment considers a manufacturer’s value chain strength, global shipping capabilities, infrastructure investments, research and development initiatives, and cash flow management, which are key indicators of long-term reliability and scalability.
With a global manufacturing capacity of approximately 15 GW, Waaree Energies has established a strong supply chain network and a robust value chain, enabling it to meet the growing demand for solar modules worldwide. The company’s PV Module Test Laboratory (PMTL) in Chikhli, accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL), reinforces its commitment to quality and innovation. This facility ensures that Waaree’s solar modules meet the highest international standards in terms of durability and efficiency.
Furthermore, Waaree continues to drive advancements in next-generation solar technology through its TOPCon and Heterojunction Technology (HJT) modules, offering world-class, high-efficiency solutions tailored to evolving energy needs. By consistently investing in innovation and expanding its technological capabilities, Waaree Energies remains at the forefront of the global solar industry, further strengthening its position as a trusted and reliable manufacturer of high-performance solar modules.
Dr. Amit Paithankar, Whole-time Director & CEO, Waaree Energies Limited, said, “This prestigious accreditation is a demonstration of our consistent pursuit for excellence in solar manufacturing. It not only reaffirms our assurance to quality, reliability, and sustainability but also positions Indian manufacturers on the global map of excellence. As India strides towards energy independence, such global recognition further enhances the credibility of Indian solar manufacturing, paving the way for greater international collaborations and market expansion. Waaree remains dedicated to pioneering radical solutions that empower a greener, more sustainable future for all.”
Waaree stands out as one of the most trusted PV module manufacturers worldwide, thanks to its strong commitment to quality, innovation, and operational excellence. It’s ‘A’ rating from PV Tech places it among the top industry leaders known for their financial stability, reliability, and advanced technology.
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