Waaree Energies to Inaugurate 5.4 GW Solar Plant, Expand Globally

Waaree Energies Limited has announced the inauguration of its state-of-the-art 5.4 GW solar cell manufacturing plant at Chikhli, Navsari, Gujarat. The grand opening is scheduled for Saturday, March 29, 2025. 

This expansion is expected to significantly boost India’s solar energy production capacity and strengthen the country’s renewable energy sector.

Expansion Plans in India and the USA

In a separate filing, the company disclosed its plans to enhance its manufacturing capabilities further. The Board of Directors, in a meeting held on March 25, 2025, approved the establishment of:

• A 1.6 GW module manufacturing line at its Brookshire facility in Texas, USA.
• An additional 3.2 GW module manufacturing lines at its existing plant in Chikhli, Gujarat.

These expansions reinforce Waaree Energies’ commitment to increasing its global solar module production capacity and meeting the rising demand for clean energy solutions.

Key Leadership Appointments

Waaree Energies has also announced key leadership changes:

• Mr. R.S. Loona has been appointed as an Additional Non-Executive (Independent) Director for a term of five years, from March 26, 2025, to March 25, 2030. His appointment is subject to shareholder approval.
• Mr. Ankit Doshi has been appointed as President – Strategy and designated as Senior Management Personnel, effective March 26, 2025.

These strategic appointments aim to strengthen Waaree Energies’ leadership team and drive its long-term growth plans in the renewable energy sector.

About Waaree Energies Ltd

Founded in December 1990, Waaree Energies Limited is an Indian solar PV module manufacturer with a total installed capacity of 12 GW. The company operates five solar module manufacturing facilities in India and has a global presence.

On March 25, 2025, Waaree Energies share price (NSE: WAAREEENER) opened at ₹2,450.55 and closed at ₹2,435.25, up by 0.16%. The stock price touched its day’s high at ₹2,508.00.

Conclusion 

With these developments, Waaree Energies is poised to play a pivotal role in the global solar energy landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.