Waaree Energies has received of a letter of intent (LOI) from Gujarat Industries Power Company (GIPCL) for the supply of a 400 MW module. The contract entails the comprehensive supply of solar PV modules incorporating advanced bifacial technology for the 2,375 MW RE Park near Khavda, Great Rann of Kutch in Gujarat.

Waaree Energies will undertake the manufacturing, testing, packing, and transportation of these solar PV modules, while adhering to the prescribed quality standards and aiming to execute the project in a timely manner. Each module, featuring ALMM category specifications and a capacity ranging from 540 Wp to 570 Wp, is expected to ensure optimal performance, durability, and efficiency.

The procurement of 400 MWp bifacial solar PV modules, accompanied by mandatory spares of 0.5 percent (two MW), underscores the reliability of Waaree Energies' offerings. Further, this collaboration is expected to strengthen Waaree Energies' foothold in the renewable energy (RE) sector in India, and aid in its commitment to contribute to the advancement of India's energy security and environmental sustainability goals.

Waaree Energies, which will collaborate with GIPCL on this project, this initiative underscores its commitment to promote domestic manufacturing, generate employment, and support the nation's renewable energy targets.