Waaree Announces India’s Largest 10 GW Ingot and Wafer Facility
Spread across 300 acres, the project is being developed with an investment of Rupee (Rs) 62 bn and will focus on the production of high-purity solar ingots and wafers. By creating large-scale domestic capacity for these critical inputs, the company expects to reduce reliance on imported materials and enhance supply chain resilience for the rapidly expanding solar sector. The facility is described as a significant step toward strengthening India’s upstream solar manufacturing ecosystem.
Once operational, the facility is expected to generate over eight thousand direct and indirect employment opportunities, supporting regional economic development, skill creation and industrial growth in Maharashtra. The announcement was marked by a ceremonial event attended by senior government leaders and industry stakeholders, including Devendra Fadnavis, Chief Minister of Maharashtra, alongside Waaree’s senior leadership. Company representatives acknowledged government support as instrumental in enabling the initiative.
The project is aligned with national objectives of energy security, self-reliance and the vision of Viksit Bharat 2047, and reflects broader policy efforts to expand domestic renewable manufacturing capacity. Waaree Energies, founded in 1990 and headquartered in Mumbai, operates advanced manufacturing facilities with a total solar PV module capacity of 22.3 GW worldwide and solar cell capacity of up to 5.4 GW. The company also offers a portfolio spanning solar PV manufacturing, engineering, procurement and construction services, green hydrogen solutions, battery energy storage systems, green energy infrastructure and data centres.