Partner at Exencial Research, Exencial Research

Viral Kishorchandra Shah

Partner at Exencial Research

Exencial Research

Equity Bottom-Up

<ul>
<li>Waaree Energies is rapidly expanding, targeting 21 GW solar modules, 11.4 GW cells, and 6 GW ingots by FY27</li>
<li>The company boasts a robust Rs 47,000 crore order book, with 57% international and 43% domestic market share</li>
<li>Waaree diversifies into batteries, green hydrogen, and inverters, while mitigating risks via local production</li>
</ul>


Waaree Energies is rapidly expanding, targeting 21 GW solar modules, 11.4 GW cells, and 6 GW ingots by FY27
The company boasts a robust Rs 47,000 crore order book, with 57% international and 43% domestic market share
Waaree diversifies into batteries, green hydrogen, and inverters, while mitigating risks via local production


From Panels to Powerhouses: How Waaree Energies Is Building India’s Solar Backbone