In Q3 2025, Indian module manufacturers accounted for over 95% of market shipments. Waaree led the pack, powered by its advanced, backward-integrated manufacturing capabilities, robust supply chain, and reputation for quality and innovation.

India’s Solar Surge: Industry Context

India’s solar sector witnessed addition of approximately 8.06 GW utility-scale and 2.7 GW rooftop solar capacity this quarter, pushing cumulative installations to 127 GW as of September 2025. Waaree’s ongoing market leadership reflects the company’s exceptional execution as the country accelerates towards its 500 GW renewable energy target.

Driving the Manufacturing Renaissance

During Q3, Waaree added another 1.8 GW of module capacity and 4.2 GW of cell manufacturing, reinforcing the brand’s commitment to India’s solar self-reliance. The company exported 37.9% of its Q3 module production even in a challenging global trade environment, highlighting its global competitiveness and innovation edge.

Waaree has evolved into a comprehensive energy transition company offering solar EPC solutions, battery energy storage systems, transformers, solar inverters, green hydrogen solutions, and energy infrastructure including developing data centre capabilities. This integrated portfolio enhances Waaree’s ability to support India’s clean energy ambitions with end-to-end, future-ready solutions

“Waaree’s continued leadership in the Indian solar module market underlines our commitment to powering the nation’s clean energy transformation and building for the world. As the sector expands at record pace, we remain focused on scale, quality, and innovation that drive value for customers and the energy ecosystem,” said Mr. Sunil Rathi, Executive Director, Waaree. 

With JMK Research projecting 41.5 GW of additional solar capacity to be installed in FY2026, Waaree is set to play a critical role in supporting India’s future-ready, Atmanirbhar (self-reliant) solar vision.

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The contracts include the supply of Waaree’s flagship high-efficiency Glass N-type Topcon modules, rated at 580/585Wp. These modules are recognized for their durability, exceptional energy output, and advanced technology, showcasing Waaree’s unwavering commitment to quality and innovation.

The modules are scheduled to be supplied in the next financial year, 2025-26.

As the only solar panel manufacturer in India featured in the RETC PV Benchmarking Report 2024, Waaree’s modules exemplify quality, reliability, and performance. Recognized as a Tier 1 solar module manufacturer by Bloomberg New Energy Finance (BNEF), Waaree operates an NABL-accredited testing lab, ensuring the highest standards of excellence. These accolades reinforce the company’s commitment to powering renewable projects, enhancing energy reliability, and significantly reducing carbon emissions.

The confidence shown by clients highlights Waaree Energies’ commitment to solar PV module manufacturing. The execution of this project will increase India’s renewable energy capacity, leading to reductions in greenhouse gas emissions and supporting environmental sustainability.

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