Waaree Energies Ltd. Introduces Off-Grid Solar Solutions

Waaree Energies Ltd., India’s leading EPC player and solar PV manufacturer announced its foray into the Stand-Alone Solar Solutions segment with Off-Grid Inverters. With an aim to substantially reduce dependency on the electrical grid, the solar inverters are available in capacities ranging from of 375 VA to 10 KW across a wide scale of commercial and residential consumers. This new offering will uphold the strong ‘quality control’ measures of Waaree and will be made available across India in a span of a year through its robust supply/distribution/franchise chain. With a strong business plan in place, the vertical aims to contribute significantly to the revenue of Waaree in FY 19-20. Sunil Rathi, Director, Waaree Energies said, “We have always worked towards making India a solar reliant country and our Stand-Alone Solar Solutions will only further the agenda. With poor transmission infrastructure in select parts of the nation, the solar off-grid inverters will provide respite to residential and commercial units in these areas. Moreover, the post-sale service/maintenance of the indigenously developed product will be made possible through our robust network of 270+ franchise units across the country.”   “With the Solar off-grid inverter market currently valuated at INR 600 Cr., we aim to capture over 15% of market share by 2022, thus becoming one of the largest solar inverter players in the segment”, he added.