Deals Counterparts

Waaree Energies

company 1 Deal 2 Partners

Waaree Energies is a leading Indian multinational solar energy company, primarily engaged in the manufacturing of solar PV modules and providing solar EPC services, project development, and other solar energy solutions. They are one of the largest solar module manufacturers globally with over 12 GW of manufacturing capacity.

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Founded 1989
Renewable Energy ManufacturerOEM/EquipmentDeveloperEPC Contractor

Strategic Overview

  • Aggressive expansion of solar PV module manufacturing capacity to meet global demand, particularly from the US market.
  • Integrated business model covering solar module manufacturing, EPC services, and project development.
  • Strong focus on international exports, with a presence in over 68 countries.

Deal Activity from Public Sources

Waaree Energies secures 400 MW solar module supply order from a US-based developer.
Sale Solar PV United States March 2024 400 MW
Waaree Renewables Technologies Ltd (subsidiary) secures EPC order for a 412 MWp solar power project.
Development Solar PV India February 2024 412 MWp
Waaree Energies secures 280 MW solar module supply order from a US-based developer.
Sale Solar PV United States November 2023 280 MW

Investment Focus

Technologies
Transmission1
Geography
India1

Key People

Hitesh Doshi
Chairman & Managing Director
Viren Doshi
Director
Mitesh Doshi
Director
Dilip Bhatia
Chief Financial Officer

Track Record

12,000
MW Total
35
Years Active
Notable projects: Over 12 GW of solar PV module manufacturing capacity, Over 600 MW of solar EPC projects executed globally

Detailed Analysis

Technologies
Solar PV
Geographies
IndiaUnited StatesUnited Arab EmiratesAustraliaSaudi ArabiaAsia PacificAfricaWestern EuropeLatin America
Deal Stage
GreenfieldOperating

Subsidiaries

Waaree Renewables Technologies Ltd.
Track Waaree Energies