Waaree Transpower, a leading solar power company, has secured orders worth over ₹100 crore from Indian developers for its 1.27 GW solar projects across India. This significant milestone was achieved within the first month of launching its solar transmission line business, Waaree Transpower. The orders were received from multiple Indian developers, highlighting the trust and confidence in Waaree’s expertise and capabilities in the solar power sector.
The 1.27 GW solar projects are spread across various locations in India, including Maharashtra, Gujarat, and Rajasthan. Waaree Transpower will be responsible for designing, engineering, and supplying transmission lines for these projects, which will enable the evacuation of power from the solar farms to the grid. The company’s expertise in solar power and transmission lines has been instrumental in securing these orders.
Waaree Transpower’s success can be attributed to its commitment to providing high-quality products and services, as well as its ability to meet the tight deadlines and demanding requirements of the solar power industry. The company’s experience in handling large-scale solar projects has also been a key factor in securing these orders.
The Indian government has set ambitious targets for renewable energy, aiming to achieve 500 GW of installed capacity by 2030. The solar power sector is expected to play a significant role in achieving this target, with the government offering various incentives and policies to support the growth of the sector. Waaree Transpower’s success is a testament to the growing demand for solar power in India and the company’s position as a leading player in the sector.
The orders secured by Waaree Transpower are expected to contribute significantly to the company’s revenue growth in the coming years. The company is well-positioned to capitalize on the growing demand for solar power in India and is expected to play a key role in the country’s transition to renewable energy. With its expertise in solar power and transmission lines, Waaree Transpower is poised to become a leading player in the Indian solar power sector.
Overall, Waaree Transpower’s achievement is a significant milestone for the company and highlights its capabilities and expertise in the solar power sector. The company’s success is expected to contribute to the growth of the solar power sector in India and support the country’s transition to renewable energy.