Waaree Energies Integrated Clean Energy Expansion

planned

Waaree Energies plans a ₹30,000 crore investment over 18-24 months to build an integrated clean energy business expanding from solar modules into battery manufacturing, hydrogen electrolyzers, and inverters. The project includes increasing solar cell capacity to 15 GW, establishing 10 GW ingot and wafer production, reaching 28 GW module manufacturing capacity, launching battery manufacturing with a target of 16.5 GW Lithium Iron Phosphate cell capacity by FY28, and starting a 1 GW hydrogen electrolyzer project. An equity stake in an Oman polysilicon plant supports end-to-end integration from raw materials to finished goods.