India has taken a significant step forward in renewable energy with the inauguration of its largest solar cell manufacturing gigafactory. Waaree Energies Ltd. has established a state-of-the-art facility in Chikhli, Gujarat, with a production capacity of 5.4 GW.
This milestone strengthens India’s self-reliance in solar technology and aligns with the nation’s ambitious clean energy goals.
Spanning 150 acres, with a built-up area of 101 acres, the facility is designed to support India’s broader goal of achieving 500 GW of renewable energy by 2030. Waaree Energies aims to revolutionise the domestic solar manufacturing industry by focusing on cutting-edge technology, efficiency, and sustainability.
The Chikhli gigafactory stands as a testament to India’s transition towards energy independence. Shri Pralhad Joshi, the Union Minister of New and Renewable Energy, highlighted Gujarat’s pioneering role in India’s clean energy movement.
He emphasised that this factory embodies the spirit of Atmanirbhar Bharat, positioning India as a leader in global renewable energy manufacturing.
Hitesh Doshi, Chairman and Managing Director of Waaree Energies, described the facility as more than just infrastructure; he called it a blueprint for India’s energy future. He expressed that each solar cell produced represents India’s aspiration for technological advancement, economic self-sufficiency, and leadership in the clean energy sector.
Beyond technological innovation, Waaree Energies’ new plant brings substantial economic and environmental benefits. The facility is expected to generate over 9,500 direct jobs and approximately 30,000 indirect employment opportunities, significantly contributing to local economic growth. Additionally, the gigafactory aligns with India’s decarbonisation objectives by producing high-efficiency solar cells, reducing dependence on imported energy, and fostering a sustainable future.
As of April 01 2025, at 11:55 AM, Waaree Energies’ share price was trading at ₹2,389.90 per share, reflecting a decline of 0.61% from its previous closing price. O
Over the past month it has surged by 12.94%. The stock has a 52-week high and 52-week low of ₹3,743.00 and ₹2,026.00 per share respectively
The inauguration of Waaree Energies’ gigafactory in Chikhli is a defining moment for India’s renewable energy sector. By fostering innovation, creating jobs, and supporting the country’s clean energy goals, this facility strengthens India’s position as a leader in solar manufacturing.
As the world moves towards sustainable solutions, this development marks a significant step towards a greener and more self-sufficient energy future.
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Published on: Apr 1, 2025, 2:41 PM IST
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