Waaree Energies Ltd. Completes Independent Assessment for Solar PV Bankability From Black & Veatch

MUMBAI, November 6, 2015 /PRNewswire/ --

Waaree Energies, India's number one premier solar manufacturer and solutions provider, has announced the completion of independent assessment by Black & Veatch (http://www.bv.com/) for Solar PV Bankability of the solar panels manufactured at its plant in India recently.

Commenting on the completion of this assessment, Mr. Hitesh Mehta, Director, Waaree Energies, said, "We are glad to announce the completion of this evaluation by Black & Veatch. Undertaking this independent assessment of the Solar PV Modules manufactured by us demonstrates our commitment towards global customers and financial institutions, to help them make decisions with certainty. Investors need to develop confidence in the solar panels that would be deployed in their projects and evaluation by a skilled and renowned independent engineering services company like Black & Veatch facilitates the decision making."

With an annual production capacity of 500 MW, Waaree is the largest solar PV manufacturer in India providing a complete range (3wp to 400wp) of Polycrystalline and Mono PV Modules, for off-grid as well as on-grid applications.

Black & Veatch is frequently relied upon by clients to evaluate facilities that manufacture PV modules and supporting technologies. Evaluations, which are conducted on behalf of both investors and facility owners, verify technology claims and ensure manufacturing processes produce a consistent, high-quality product in a cost-effective manner. This independent assessment enables clients to make investment decisions with confidence.

About Waaree Energies Limited

WEL (Waaree Energies Limited) is India's top solar PV module manufacturer, EPC (Engineering, Procurement, Construction) services and solutions provider company, headquartered in Mumbai. Established in 2007, WEL is the flagship company of Waaree Group known for taking huge strides in the renewable energy space, with the Founder Chairman of the group, Hitesh Doshi at the helm.

WEL has spread its wings across the length and the breadth of India with 8 regional offices and 2 manufacturing plants in Surat. WEL operates in as many as 68 countries, marking a strong global presence. The company has the vision to provide high-quality and cost-effective solar power solutions in India and across global emerging markets, reducing carbon footprint - paving the way for a more sustainable energy future, thereby improving quality of human life.

For more information, visit www.waaree.com .

Media Contact:
Prasad Chaporkar
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+91(0)-22-66444431
Waaree Energies Limited