As global temperatures continue to rise and climate change concerns intensify, India has emerged as a key player in the worldwide push towards decarbonization. With ambitious targets set at COP28 and renewed commitments in early 2024, the nation's solar energy sector is witnessing unprecedented growth and transformation. The Current Landscape India's solar capacity has shown remarkable progress, reaching approximately 73 GW in early 2024. This achievement puts the country well on track to meet its revised target of 500 GW of renewable energy capacity by 2030. The government's recent policy updates, including the Green Hydrogen Mission and improved net metering regulations, have created a robust framework for solar adoption across industrial, commercial, and residential sectors. Technology Advancements Driving Change The solar industry in 2024 has seen significant technological breakthroughs. Bifacial solar panels, which can capture light from both sides, are gaining...
Waaree Energies Limited was founded in 1989, with headquarters in Mumbai, India. Waaree has India's largest aggregate installed capacity of 12 GW as of June 30, 2023 at its plants in Chikhli, Surat, Tumb, and Nandigram in Gujarat and is a top player in the solar module export for Fiscal 2023. As of June 30, 2023, the total number of customers served by Waaree was 407 in India and 20 outside India.