Waaree Energies Becomes First Indian Solar PV Manufacturer to Secure ‘A’ Rating in PV Tech’s ModuleTech Bankability Ratings

Waaree Energies Limited, a leading name in India’s renewable energy sector, has become the first Indian solar PV module manufacturer to receive an ‘A’ category rating in PV Tech’s renowned ModuleTech Bankability Ratings. This recognition reflects Waaree’s robust financial health, state-of-the-art manufacturing capabilities, and commitment to producing high-quality, reliable solar modules.

At 9:23 AM today, Waaree Energies shares traded at ₹2,330.80 per share, a 0.93% up on the NSE.

Understanding PV Tech’s ModuleTech Bankability Ratings

The PV ModuleTech Bankability Ratings serve as a key benchmark for investors, developers, and Engineering, Procurement, and Construction (EPC) firms. These ratings help industry stakeholders assess the reliability and financial viability of PV module manufacturers, ensuring long-term stability in solar energy projects.

The assessment considers several critical factors, including:

• Financial stability and cash flow management
• Production capacity and supply chain strength
• Market reputation and after-sales support
• Technological innovation and research investments
• Global shipping capabilities and infrastructure development

By evaluating these parameters, the rating system provides an independent and transparent measure of a manufacturer’s ability to deliver consistent and high-quality solar modules.

Waaree’s Expanding Global Footprint

With a global manufacturing capacity of approximately 15 GW, Waaree Energies has built a robust supply chain network, ensuring it can cater to the rising global demand for solar modules. The company’s commitment to quality is further reinforced by its PV Module Test Laboratory (PMTL) in Chikhli, which is accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). This facility plays a crucial role in maintaining Waaree’s adherence to international durability and efficiency standards.

Pioneering Next-Generation Solar Technologies

Waaree Energies continues to push the boundaries of innovation in the solar industry with its next-generation technologies, including:

• TOPCon (Tunnel Oxide Passivated Contact) Modules – Designed for higher efficiency and enhanced performance.
• Heterojunction Technology (HJT) Modules – Offering improved energy output and durability.

These advanced solutions align with the evolving energy needs of global markets, positioning Waaree as a trusted leader in high-performance solar modules.

A Milestone in India’s Renewable Energy Landscape

Waaree’s recognition in PV Tech’s ModuleTech Bankability Ratings underscores the growing competitiveness of Indian solar manufacturers on the global stage. As the demand for renewable energy continues to rise, this achievement strengthens Waaree’s position as a reliable and innovative player in the solar PV industry.

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