India’s largest solar panel manufacturer sets up in Australia

Waaree Energies, the largest solar PV manufacturer in India is launching an Australia subsidiary.

Coy in its disclosure forms, the Indian manufacturer said the new subsidiary, dubbed Waaree Renewable Energies Australia “will focus on renewable energy in Australia.”

The new business will be based in Parramatta, in Sydney.

The company’s solar modules are already CEC Australia approved.

Waaree manufactures a number of different solar PV modules, including N-Type TOPCon, P-Type Mono PERC, Bifacial, BIPV, Flexible, and Polycrystalline modules. It also makes smart inverters, which can provide data monitoring and advanced utility controls.

This time last year, Waaree announced plans to invest up to US$1 billion to build a solar panel factory in Texas, in the United States.

The planned facility, once completed, would be one of the largest in the country, employing more than 1500 people.

The Australian move comes only a few months since Waaree Energies debuted on the Indian stock exchanges, on 28 October, already rising 16 per cent since its initial listing.