Waaree Energies Limited — Updates, 29-03-2025: Press Release

Waaree Energies Ltd. has inaugurated its 5.4 GW solar cell gigafactory in Chikhli, Gujarat, marking a significant milestone for India's renewable energy sector. This state-of-the-art facility spans 150 acres and represents a commitment to fostering a sustainable energy future. The inaugural event was attended by notable figures including the Chief Minister of Gujarat and Union Ministers, who highlighted the facility's role in positioning India as a global leader in clean energy technology.

The gigafactory is expected to contribute significantly to local economic development by creating over 9,500 direct and 30,000 indirect jobs. It aligns with India’s ambitious goal of achieving 500 GW of renewable energy capacity by 2030. With a focus on high-efficiency solar cell technology, Waaree reinforces its commitment to innovation and sustainability, aspiring to drive the nation toward energy independence while enhancing its global manufacturing capabilities. Investors should view this development positively as it underscores Waaree's strategic position in the renewable energy market.