Mahindra Susten & Waaree Energies Join Forces for a 280 MW Solar Power Boost in India

Key Highlights

• Mahindra Susten partners with Waaree Energies for a 280 MW solar module deal.
• Waaree Energies Bi-55 545Wp modules emphasize efficiency and durability.
• Bifacial Glass-to-Glass technology with a 30-year warranty enhances reliability.
• Delivery expected in Q3 FY2025, contributing to India's clean energy goals.
• The collaboration aligns with the 'Atmanirbhar Bharat' initiative for self-reliance.
• Waaree Energies achieves BIS certification for Topcon Modules, showcasing industry leadership.

In a significant development for India's renewable energy landscape, Waaree Energies Limited and Mahindra Susten have joined forces in a strategic partnership to contribute to the country's clean energy goals. This collaboration is set to deliver 280 MW of solar modules, a substantial boost to India's efforts in sustainable energy production.

Efficient and Durable Solar Modules

Under the agreement, Waaree Energies will provide Mahindra Susten with 280 MW of its AHNAY Series solar modules, specifically the Bi-55 545Wp models. These high-efficiency modules are renowned for their durability and are designed to maximize energy production over their extended lifetime. Delivery of these modules is anticipated in the third quarter of fiscal year 2025.

Bifacial Glass-to-Glass Technology with a 30-Year Warranty

Waaree Energies solar modules feature bifacial Glass-to-Glass technology, offering an impressive output performance warranty of 30 years. This emphasis on longevity underscores the company's dedication to providing sustainable and reliable energy solutions to meet the growing demands of India's energy sector.

Leaders Enthusiastic Perspectives

Hitesh Doshi, Chairman & Managing Director of Waaree Energies, expressed his enthusiasm for the collaboration, highlighting its role in propelling India towards a cleaner and more sustainable energy future. He sees this partnership as a significant step in their mission to promote sustainable energy through strategic alliances.

Deepak Thakur, Managing Director & CEO of Mahindra Susten, reflected on the excitement, emphasizing the alignment of Waaree Energies' 'Made-in-India' solar modules with the 'Atmanirbhar Bharat' initiative. This initiative aims to make India self-reliant in various sectors, including renewable energy, further showcasing Mahindra Susten's commitment to powering the nation with clean, sustainable energy.

Notable Track Records and Certifications

Mahindra Susten brings a robust track record to the partnership, having developed over 1.5 GWp of renewable assets and executed more than 4.2 GWp of renewable projects domestically and internationally. Meanwhile, Waaree Energies recently achieved certification for its Topcon Modules from the Bureau of Indian Standards (BIS), solidifying its position as a leader in the solar energy industry committed to delivering high-quality, certified products.

This collaboration is a testament to both company's commitment to advancing India's renewable energy ambitions, contributing significantly to the nation's clean energy transition.

Also Read: February 2024 Sales Report for Mahindra Tractor - 18% Decline in Domestic & 32% Rise in Exports

CMV360 Says

The strategic partnership between Mahindra Susten and Waaree Energies, marked by the supply of 280 MW solar modules, represents a pivotal step in India's renewable energy journey. This collaboration, emphasizes efficiency and longevity, underlining a shared commitment to sustainable energy, contributing significantly to the nation's clean energy objectives.