waaree

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Waaree’s Q1 FY 2025 Profit Up 208% as EPC Segment Revenue Rises

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a total revenue of ₹2.36 billion (~$28.18...

July 31, 2024

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Arjun Joshi

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Other

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Renewable Energy
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MNRE Adds 3.5 GW of New Solar Module Capacity to ALMM

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 3,508 MW of new solar module capacity. The...

May 27, 2024

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Arjun Joshi

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Markets & Policy

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Modules

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Solar
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ReNew, Waaree and First Solar Lead Solar Manufacturing Capacity Additions in 2023

ReNew, Waaree Energies, First Solar, Adani Solar, and Emmvee Photovoltaic Power led the annual solar module manufacturing capacity additions in the calendar year (CY)...

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Daily News Wrap-Up: Solar’s Share in India’s Power Capacity Rose to 18.5% YoY in Q1

Solar power accounted for 18.5% of India’s total installed power capacity and 42.9% of the installed renewable capacity in the first quarter (Q1) of the calendar year...

May 14, 2024

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Mercom Staff

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Daily Wrap-up
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Waaree’s Q4 FY 2024 Profit Up 341% as EPC Segment Revenue Soars

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹541.8 million (~$6.48 million)...

May 13, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Waaree Partners with Ecofy to Solarize 10,000 Household Rooftops

India-based solar module manufacturer Waaree Energies has partnered with Ecofy, a non-banking financial company supported by Eversource Capital, to fund environmentally...

May 8, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 4,104 MW of new solar module capacity. The...

April 11, 2024

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Arjun Joshi

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Manufacturing

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Modules

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Solar
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Daily News Wrap-Up: Lowest Wind-Solar Hybrid Tariffs in India During 2023

There has been an increase in wind-solar hybrid projects to meet the round-the-clock renewable energy demand in India. The lowest tariff discovered in wind-solar hybrid...

January 2, 2024

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Mercom Staff

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Daily Wrap-up
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Waaree to Raise ₹30 Billion via IPO to Fund Solar Module Facility

Mumbai-based solar module manufacturer Waaree Energies has filed draft papers with the market regulator to raise ₹30 billion (~$361 million) in an initial public...

December 29, 2023

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B.S. Nagaraj

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Finance and M&A

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Solar
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Daily News Wrap-Up: Leading Solar EPC Companies in 1H 2023

Prozeal Green Energy, Tata Power Solar, Vikram Solar, Waaree Renewable Technologies, and Opera Energy emerged as the top utility-scale solar engineering, procurement,...

November 10, 2023

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Coal Ministry to Use Surplus Land for Renewable Projects

The Ministry of New & Renewable Energy (MNRE) and the Ministry of Coal have announced they would work together to promote green energy initiatives. At a meeting...

October 30, 2023

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Mercom Staff

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Daily Wrap-up
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Waaree Renewable Tech’s Profit Surges by 124% YoY in Q2 FY24

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹182.9 million (~$2.2 million)...

October 27, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: India Generates 30 BU of Solar Energy in Q2 2023

About 30 billion units of solar energy were generated in the second quarter of the calendar year 2023, a 20.8% YoY increase. Solar generation increased 5.5%...

August 8, 2023

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Satish Shetty

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Daily Wrap-up
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Daily News Wrap-Up: Corporate Funding for Energy Storage Rises 67% YoY in Q2

In the first half (1H) of 2023, corporate funding for energy storage companies reached an impressive $7.1 billion across 59 deals, according to Mercom Capital Group’s 1H...

July 26, 2023

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Mercom Staff

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Daily Wrap-up
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EPC Projects Drive Waaree’s Profit Up 12% YoY in Q1 FY 2024

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹111 million (~$1.36 million)...

July 25, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar

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