The installation of this module will be the largest in the world outside China.
Solar panel maker Waaree Energies Ltd said on Tuesday that it will increase its module production capacity to 12 GW from the current 9 GW by March 2023.
It will be the world’s largest module production capacity outside of China, he added.
“Waaree is the lone manufacturer in India approved by ALMM (Approved List of Models and Manufacturers) to ship high-wattage panels, i.e. 650WP along with 600WP and 540WP, from its manufacturing facilities in Surat, Chikhli, Tumb, and Nandigram,” the company said in a statement.
With the addition of Indo Solar, the company said it would produce modules at NCR’s Greater Noida for the domestic market in the third quarter.
According to the JMK report, Waaree has become the top supplier of solar modules, accounting for 17% of the total supply. It added that nearly 85% of the modules shipped were made using the highly efficient mono-perc technology.
“2022 was a very eventful year for Solar Manufacturing, the country took more than 15 years to reach a module manufacturing capacity of 10 GW and in less than one year in 2022, the county has established over 30 GWs and is marching towards reaching 100 GW,” Hitesh Doshi, Chairman and Managing Director of Waaree Energies, said.
“The implementation of Import duty (BCD) and ALMM has changed the import-oriented market to domestic manufacturing. With policies in place now, Made in India will further grow due to PLI 2 in 2023,” he added.
Read More-Tokyo city will mandate solar panels for new homes after 2025.
