Waaree Energies Greenlights Rs 81.75 Bn Capex for Battery Expansion
POWER & RENEWABLE ENERGY

Waaree Energies Greenlights Rs 81.75 Bn Capex for Battery Expansion

Waaree Energies has received board approval for a Rs 81.75 billion capital expenditure plan to expand its manufacturing capacities for lithium-ion batteries, electrolysers, and inverters, marking a major step in its clean energy growth strategy. The move reinforces the company’s commitment to support India’s energy transition and the increasing demand for energy storage and power conversion systems.

As part of the plan, Waaree will scale up its lithium-ion battery plant capacity from the current 3.5 GWh to 20 GWh, representing a five- to sixfold increase. This expansion is expected to strengthen the company’s position in the fast-evolving battery storage market. Additionally, Waaree has allocated Rs 3 billion for its subsidiary focusing on lithium-ion cell manufacturing, aligning with its goal of deeper vertical integration.

The approved capex also includes expansion of inverter and electrolyser manufacturing capacities, both crucial components in renewable energy and green hydrogen ecosystems. Inverters convert solar-generated DC electricity into AC for grid use, while electrolysers enable hydrogen production for clean fuel applications.

Industry analysts view the move as a bold and strategic step by Waaree to establish itself as a comprehensive clean energy solutions provider, at a time when competition in battery storage and green power equipment is intensifying globally.

Although detailed timelines and funding structures are yet to be announced, the scale of investment reflects the company’s strong confidence in India’s renewable energy and electrification growth trajectory. The expansion is also expected to create positive ripple effects across battery materials, power electronics, and clean energy supply chains, bolstering India’s domestic manufacturing capabilities.

News source: BusinessWorld

Waaree Energies has received board approval for a Rs 81.75 billion capital expenditure plan to expand its manufacturing capacities for lithium-ion batteries, electrolysers, and inverters, marking a major step in its clean energy growth strategy. The move reinforces the company’s commitment to support India’s energy transition and the increasing demand for energy storage and power conversion systems.As part of the plan, Waaree will scale up its lithium-ion battery plant capacity from the current 3.5 GWh to 20 GWh, representing a five- to sixfold increase. This expansion is expected to strengthen the company’s position in the fast-evolving battery storage market. Additionally, Waaree has allocated Rs 3 billion for its subsidiary focusing on lithium-ion cell manufacturing, aligning with its goal of deeper vertical integration.The approved capex also includes expansion of inverter and electrolyser manufacturing capacities, both crucial components in renewable energy and green hydrogen ecosystems. Inverters convert solar-generated DC electricity into AC for grid use, while electrolysers enable hydrogen production for clean fuel applications.Industry analysts view the move as a bold and strategic step by Waaree to establish itself as a comprehensive clean energy solutions provider, at a time when competition in battery storage and green power equipment is intensifying globally.Although detailed timelines and funding structures are yet to be announced, the scale of investment reflects the company’s strong confidence in India’s renewable energy and electrification growth trajectory. The expansion is also expected to create positive ripple effects across battery materials, power electronics, and clean energy supply chains, bolstering India’s domestic manufacturing capabilities.News source: BusinessWorld

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?