Waaree Energies, a solar energy solutions provider, is planning to invest Rs 450 crore to increase its module capacity.
The proposed investment will be done in the next six months. The company has a module manufacturing unit in Surat, Gujarat, with a 250 MW module capacity. It will expand the unit to 500 MW soon. The expansion plan will be financed through internal accruals. The company also exports these modules to the US, Middle East, Australia, Europe and Asia.
Waaree also offers a wide range of products and services such as solar rooftop solutions, solar street and home lighting solutions, solar water pumps and water heating solutions and solar portable kits.