Waaree Announces Completion of 10 MW Solar Project in Gujarat

PR Newswire | 21 Mar, 2012
MUMBAI, India: Waaree - founded in 2007, is one of India's biggest manufacturers of PV modules & solar power EPC contractor has announced the successful completion of 10 MW Solar PV Project, at Gujarat, India. http://www.Waaree.com/

Waaree, is being awarded 10 MW ground mounted solar power project by M/s Monosteel India Pvt Ltd (MSIL), for designing, procurement, erection and commissioning. The project is located at UNA in Gujarat about 30 kms from Diu. The installation was inspected and endorsed to be completed in compliance to all standards & specifications and is ready in all respects for supply to state utilities. The seasonal tilt technology is used to enhance the performance of this 10 MW plant. The plant will generate more than 20.5 million units per year, for a greener tomorrow. Waaree make 40,000 multi-crystalline solar PV modules are used for this project which will help turn sunlight directly into clean electricity. This will replace carbon emission equivalent of around 10,754 tons, an equivalent of removing pollution caused by emission of around 11,000 cars every year.

The plant is one of the largest of its kind in that area at present. The plant spans across 60 acres of land. The plant has been built under the Gujarat State Solar Power Policy 2009 and the Power Purchase Agreement (PPA). The PPA is for 25 years.

This is a great step in the development of clean energy from renewable sources. Such an approach helps balance out carbon emission from the power generating plants based on fossil fuels & also simultaneously contributing towards the energy security of India. It's an initiative towards leaving a better world for the next generation.

Renewable move in developing green energy

Group Chairman Hitesh Doshi states, "Waaree began its foray into renewable energy in 2007. Waaree Energies has a modern state-of-the-art & automatic production line for PV modules at the Surat Special Economic Zone (SEZ), located 250 km. north of Mumbai. A full range of PV modules from 3Wp to 300Wp are manufactured for various on-grid and off-grid applications, and are exported to a number of countries globally, and in India. We offer comprehensive solar solutions all under one banner."

Waaree is targeting to be a Rs. 2000 crores company by 2015 and is also increasing its module manufacturing capacity to more than 500 MW. As an initiative to promote green energy Waaree is powering their Surat manufacturing facility with a 10 KW solar roof top system & also are in the process of installing a 100 KW solar roof top system at their valve manufacturing facility at Bonetti Waaree, Vapi.

Waaree provides complete turnkey solutions for solar farms & helps to arrange land, subsidy and finance for their clients who want to put up mega sized projects.

Primary Media Contact : Ajay Jain, Waaree@Waaree.com, 91-22-66444444