WAAREE ENERGIES LIMITED

BRIEF INTRODUCTION & CREDENTIALS

Corporate Profile
ABOUT WAAREE ENERGIES
WAAREE GROUP – GROWTH TRAJECTORY
1989-1997
• WAAREE Group was founded by
Mr. Hitesh Doshi in 1989 with a
focus on Instrumentation business
2011-2013
• Started EPC services and venture
into other business segment like
solar pumps and other off-grid
applications
• Expanded module manufacturing
capacity from 30 to 110 MW
1997-2007 2007-2011
• JV with Italian & Chinese partners & • Establishment of Waaree Energies Ltd.
setup of Global offices at Dubai,
Qatar, Oman and in EU. • A 30MW module manufacturing line is
set-up in 2007
• Expansion into 65 countries for
customer service.
2013-2014 2014-2018
• Expands its IPP business to 150 MW • Expanded capacity from 250 MW to
550 MW
• Joint equity with a MiniRatna
company for 100MW project • Expanded Capacity to 1.5 GW and
headed to 2 GW
• Module Manufacturing capacity up
from 110 to 250 MW
GUIDING PRINCIPLES

Our Vision is to provide high quality and cost-effective sustainable energy solutions across
all the markets, reducing carbon foot print- paving way for sustainable energy there by
improving quality of present and future human life

By virtue of our commitment to our stakeholders, we strive for continuous improvement in

the quality of our products & services

The core values of our organization are those values that underlie our work & strategies we
employ to fulfil our vision & mission
UNDERLYING VALUES
OUR CAPABILITIES

Pre feasibility One-Stop

Studies Solar
28 years Solution
Provider
Power Land and Site
Evacuation Identification

INR 1000+ Cr
End-to-End Global presence
Turnover for Enabling Solar
Capabilities Since 2007 and outlook
the past 2
years
Installation & Design & mfg.
Commissionin of Modules
g
5000+
Site customers
Infrastructure across the
Development globe
OUR SERVICES

SOLAR PARK
ROOF TOP ENERGY STORAGE
SOLAR EPC SERVICES DEVELOPER
SOLUTIONS SOLUTIONS
MODULES & IPP

SOLAR WATER SOLAR SOLAR SOLAR FRANCHISEE

PUMP INVERTER THERMAL PRODUCTS NETWORK
INDIA’S NO. 1 SOLAR COMPANY

Bridge to India Report - 2015 Bridge to India Report - 2017 Bridge to India Report - 2016
INTERNATIONAL - CUSTOMERS

Italy Germany Italy

Spain

USA Germany
Italy

Italy USA

More than 100 satisfied customers…

DOMESTIC - CUSTOMERS

More than 1000 satisfied customers…

ACCOLADES AND RECOGNITION

Awarded by President of India for “Best Submitting certificate of commitment to Awarded by Renewable and Power
Company in Medium & Small Sector” Prime-minister of India minister for National Excellence in
Solar PV Module Manufacturing

2017: CBIP Award for Best Solar PV

2012: ETNOW – IndiaMART Leader of 2013: Awarded prestigious India SME
Tomorrow Award, India's biggest SME Awards Excellence Award for "Excellence in Module Manufacturer & Solar
Technology & Innovation" Power Developer

…More than 100 awards

MANUFACTURING CAPABILITIES
STATE OF THE ART
MODULE MANUFACTURING PLANT

500 MW - Surat 1000 MW - Vapi

State of the Art,
Module
Manufacturing
Facility, with the
capacity of
1.5 GW, and Marching
towards
2 GW
CERTIFICATIONS OF MODULES

Successful Audits and Certification From

Fitchner Black and ICIM Enel, IECEE

MCS
Srl, Italy Veatch, USA Italy Italy Aus
UK

ISO 9001:2008 l ISO 14001:2004 l OHSAS 18001:2007

IEC 61215 l IEC 61730-1&2 l IEC 60068-2-68 l IEC 61701 l IEC 62716 I IEC 62804 I UL1703
ROHS Compliance | REACH Compliance
POLY AND MONO CRYSTALLINE PV
MODULES : FEATURES

Withstands
high wind- Each PV
High reliability pressure and module is
High conversion with guaranteed snow load provided with
efficiency based 0~+4.99 Wp (passed RF
on leading power output 5400Pa identification
innovative tolerance, mechanical tag which are
photovoltaic ensuring best loading test), to be used in
technologies. ROI. and extreme solar power
temperature plant projects.
variations.

Cell Variant Type

High Efficiency Cells by Modules in the Power class of Manufacturing Poly Crystalline as well
globally known and certified 3Wp to 400Wp with 240Wp as Mono-crystalline modules.
suppliers such as Gintech - family for 60 cells Modules and
Hareon and Indosolar. 280Wp family for 72 cells.

Process Efficiency
Manufacturing process follows the best Current module efficiency in excess of
International Industry Standards and 16%.
Practices.

Picking up best from the world to deliver optimum performance and efficiency
MANUFACTURING TRACK-RECORD
[MAJOR MODULE INSTALLATIONS]
Sr. No Capacity Company Project Location Year
1 200 + MW Azure India 2014-17
2 100+ MW Sterling & Wilson India 2015-17
3 50+ MW Ujaas India 2010-17
4 30 MW Suzlon India 2015-16
5 30MW KRK Holding Turkey 2017
6 15 MW Monosteel India 2012
7 14 MW KREN Invest B.V Netherlands 2013
8 11.37MW EZE INSAAT A.S. Turkey 2017
9 10 MW Atersa UK 2016
10 10 MW Thermax India 2016-17
11 8.11MW IHK Holding A.S. Turkey 2017
12 5 MW Military Engg Services India 2016-17
13 5 MW Wipro, Dadri India 2012
14 5 MW Sacchi Giuseppe SPA Italy 2011
15 5 MW ESPE SRL Italy 2014
16 3.5MW Tuncmatik Elektrik Turkey 2017
17 2.3MW Hepsen Enerji A.S. Turkey 2017
18 2.3MW Linuo Europe GmbH Germany 2017
19 2.5 MW Enel Green Power Italy 2013
20 2MW KEC India 2016-17
NEW TECHOLOGY: MERLIN MODULES
PERFECT FOR RUGGED, HIGH VIBRATION LOCATIONS
SPECIALIZED APPLICATION: RUGGED &
LIGHTWEIGHT MODULE FORM FACTORS

Merlin Features
• Maintains module integrity
• Resistant to arcing at fatigued
locations

Rugged Modules Portable Solutions

NEW TECHOLOGY: AC MODULES
AC MODULES

Features

• Highest Redundancy type of architecture

– no single point failure.
• More optimised power tracking (Higher generation than
string inverters as each panel has independent MPPT. )
• DC wiring is eliminated, AC wiring is standard.
• Monitored at panel level which helps to keep the O&M
planned and minimal.
• Lasts the life of the PV plant, 10 year warranty; no need to
replace.
• Least effect of moving shadow(s) on the system.
• Lower life cycle cost of the system compared to any other
architecture.
• HIGH safety due to low AC voltage of just 230/415 volt.
EPC CAPABILITIES
FULL SERVICES OFFERING WITH
PROVEN EXPERIENCE

Engineering Procurement Construction

 Project Systems  PV Modules  Land Development
 Electrical  Inverters  Structure
 Structural & Civil  Structures  Control Room
 Monitoring  Cables  Roads & Drainage
 Evacuation  Transformers  Evacuation of Power

Infrastructure Planning
Project Maintenance Project Execution Manufacturing Business Development And Development

More than 500 MW ‘s of EPC projects delivered - 100 MW under execution

WAAREE CAPABILITIES - GROUND MOUNTED

Waaneep Roha
Solar DyeChem
50 MW 27.5 MW

Sharda
MonoSteel Constructions
10 MW 10 MW

More than 500 MW ‘s of EPC projects delivered …

MORE THAN 500 MW
GROUND MOUNTED PROJECTS
No. Capacity (MW) Company Name Project Location Project Status
1 75 Leading Utility Company Surat, Gujarat Commissioned
2 50 Waaneep Solar Madhya Pradesh Commissioned
3 44 Hero Future Energies Telangana Under Execution
4 40 Adani Power (Design) Gujarat Commissioned
5 27.5 Roha Dyechem Rajasthan Solar Park Commissioned
6 25 Waaneep Solar Andhra Pradesh Commissioned
7 23 Maharashtra Seamless Rajasthan Commissioned
8 22 Roha Dyechem Maharashtra Under Execution
9 10 Sharda Constructions Latur, Maharashtra Commissioned
10 10 Mono Steel India Una, Gujarat Commissioned
11 5 Green Tech Kolayat, Rajasthan Commissioned
12 5 Friends Group Susner, Madhya Pradesh Commissioned
13 5 Sai Baba Green Power Latur, Maharashtra Commissioned
14 5 Avatar Solar Patan, Gujarat Commissioned
15 5 Taxus Infrastructure Kutch, Gujarat Commissioned
16 5 Bhadresh Trading Susner, Madhya Pradesh Commissioned
17 3 Abellon Clean Energy Modasa, Gujarat Commissioned
18 2 Claris Life Sciences Modasa, Gujarat Commissioned
19 2 Haldirams Nagpur, Maharashtra Commissioned
20 1.5 Neon Laboratories Murtizapur, Maharshtra Commissioned
SOLAR PARK SOLUTIONS
FULL SERVICE PLUG-N-PLAY MODEL OF DEVELOPMENT

Solar Park Solution for Captive Solar Projects

Single Location Aggregated & Developed Land on free-Hold Basis

Ready & Robust Evacuation Infrastructure (Transmission Line and GSS Bay) on Shared
Basis

Plug-n-Play Solution with proven expertise of Waaree’s EPC, Approvals and Asset
Management team
LAND CLUSTERS
EXECUTIVE SUMMARY
District Solapur, Maharashtra
Location
Connectivity MSETCL 132/33 kV Substation
Park Capacity 30 MW AC
GHI (Indicative) 1954 KWh/m2
Land Acquisition completed
All permissions obtained
Power Evacuation Infrastructure 100%
Present status complete
Transmission Line connected and charged
33 KV Metering Bay constructed &
commissioned at MSETCL Grid sub-station
High Insolation Shovel 33 kV Double
Ready Circuit
Land Transmission Line
Location District Akola, Maharashtra
Connectivity MSETCL 132/33 kV Substation
Park Capacity 30 MW AC
GHI (Indicative) 1882 KWh/m2
Land Acquisition completed
All permissions obtained
Power Evacuation Infrastructure 100% complete
Present status
Transmission Line connected and charged
33 KV Metering Bay constructed & commissioned
at MSETCL Grid sub-station
High Insolation Shovel 33 kV Double Circuit Line
Ready Commissioned & Charged
Land
NEW TECHNOLOGY: FLOATOVOLTAICS
FLOATING SOLAR SOLUTIONS
FLOATING SOLAR SOLUTION VALUE PROPOSITION
EXTRA GENERATION:
• Module inclination adjustable for each location
• Module operates 10-15 °C cooler for extra generation
• Designed for quick installation and easy O&M
• Can be modified for tracking
NO ENVIRONMENT IMPACT:
• Stable against high winds, waves
• Tolerates variation in water draft
• Freshwater or seawater compatible
• Corrosion resistant metal structures
• PV module engineered for marine use (10 years)
• UV resistant floats for long-life
• Floats have redundant leak-tolerant features
• Smart tethering & anchoring solution
DIFFERENTIATION
• Made in India*
• Patents:
PCT/US2015/063136
PCT/US2016/43007
• Patents are protected in India
• Complies with environmental, structural standards
• High quality components for long-life
• Heavy, high buoyancy floats with redundant features
• Flexible monolithic platform tolerates wind, waves
DURABLE & RELIABLE:
• Stable against high winds, waves
• Tolerates variation in water draft
• Freshwater or seawater compatible
• Corrosion resistant metal structures
• PV module engineered for marine use (10 years)
• UV resistant floats for long-life
• Floats have redundant leak-tolerant features
• Smart tethering & anchoring solution
BASIC DESIGN ASPECTS
Open structure generates moon-
IP67 rated Solar modules
pool effect to minimize wave-
designed for marine
motion and passes plenty of light
environment
and air for aquatic ecosystem

High endurance HDPE components designed for Marine-grade Aluminum

drinking water systems. High buoyancy enables structures designed for wind-
minimum contact with water surface load over 150 kph
ROOFTOP TRACK RECORD
WAAREE ADVANTAGE :ROOFTOP INSTALLATION

Our Experience to serve you

• We have close to a decade of extensive experience
working with both Government and private institutes
• We have already installed over 3,50,000 kW of systems

We do great work
• Recognized Industry Leader: Tier 1 Module
Manufacturer (international), CRISIL SP1A Grading
(MNRE), Award for ‘Best Solar PV Module Manufacturer
& Solar Power Developer’ (Government of India)
amongst others

Mounting Civil & Electrical

Solar Modules Inverters
Structure Works
TOP RATED ROOFTOP INTEGRATOR
BY GOVERNMENT AS WELL AS 3RD PARTY RATING AGENCY
50 + MW IN ROOFTOP
INSTALLATIONS…AND COUNTING …..
Project Capacity (kW) Project Capacity (kW)

Reliance Metro, Mumbai 2400 Bonetti Waaree (I) Pvt. Ltd., Valsad 100

MSL, Sukeli, Maharashtra 2000 Surat Municipal Corporation 100

SRG Apparels Pvt. Ltd,Tirupur 1000 Municipal Corporation of Kota 100
SSIPL Retail Ltd. 1000 Platina Building, BKC, Mumbai 100

Reliance Industries, RCP, Ghansoli 600 Autocon, Bhavnagar (Gujarat) 60

Surat Municipal Corporation 540 CPWD, Jaipur 50

Rajasthan Agriculture Marketing Board, Jaipur 310 Deen Bandhu University (DCRUST), Sonepat 50
Madhya Pradesh Urja Vikas Nigam Ltd. Central Electronics Limited (CEL), Sahibabad
(MPUVNL), 305 (UP) 42.4
Punjab Energy Development Agency 245 LS Raheja, Mumbai 35
Grauer and Weil India Ltd., Mumbai 213 H.P Govt. Development Agency 32

Reliance Retail, Various Locations 200 UREDA, Pithoragarh 25

Skill Precision Balls Pvt Ltd, Rajkot 200 UREDA, Bhimtal 25

Grauer and Weil India Ltd. 186 L&T- MHI Turbine generators Pvt. Ltd, Hazira 22
Jharkhand Renewable Energy Development
Agency 143 UREDA, Chamoli 20
Haryana Renewable Energy Department
VVP Engineering College, Rajkot 100 Agency 20
Ahmedabad Municipal Corporation 15
IPP EXPERIENCE
SIZABLE PORTFOLIO AS INDEPENDENT
POWER PRODUCER

• Bid for and won prestigious central policy PPA’s in

Consortium with a Mini-ratna PSU from the thermal
power sector

• Developed projects in two clusters – Madhya Pradesh

and Andhra Pradesh

Subsidiary of Waaree for IPP Business

Currently holding 100 MW Portfolio with:

• 50 MW at Ichhawar, Madhya Pradesh (Operational:
Jun’2015)
• 25 MW at Gurramkonda, Andhra Pradesh
(Operational: Sep’2016)
• 25 MW at Nagari, Andhra Pradesh (Under
Construction)
SNAPSHOTS OF ICHHAWAR PROJECT

PV Modules Installed (Angle 1) PV Modules Installed (Angle 2)

Main Entrance 132 KV Ichhawar Substation

SNAPSHOTS OF GORRUMKONDA PROJECT

PV Modules 132 KV Switchyard

SCADA String Inverter

SOLAR PRODUCTS
WAAREE SOLAR PUMP SYSTEM
• No electricity
• No dependency on any other fuel or conventional sources
• Use solar & get reliable water supply

Applications Salient Features & Benefits

• Agriculture • Easy & low maintenance

a) Sprinkle Irrigation • High life expectancy
b) Drip Irrigation • Central & state govt. subsidies
c) Mass Irrigation • Under & over voltage
• Livestock Watering • protection
• Swimming Pools & Resorts • Versatile applications
• Drinking Water Supply • Reverse polarity & dry run protection
a) Townships Start working from early in morning to late
b) High-rise Buildings evening
c) Row Houses
WAAREE RANGE OF OFFERINGS

Head (Meters) Discharge (Liters per day) Hp Rating

Borewell Submersible Pump (Helical Type) 5 – 350 2700 – 4000 0.5 Hp to 5 Hp

Borewell Submersible Pump (Centrifugal 5 – 200 2500 – 750000 0.25 Hp to 30 Hp

Type)
Openwell Submersible Pump 8 – 40 35000 – 60000 0.5 Hp to 10 Hp

Surface Pump (Monoblock) 10 – 150 500 – 1200000 0.5 Hp to 30 Hp

Swimming Pool Pump 16 – 120 1300 – 30000 0.2 Hp to 2 Hp

Borewell Submersible Pump Openwell Submersible Pump Surface Pump

* Pumps are available in AC and Dc version

WAAREE SOLAR INVERTERS
Inverter Series : Single Phase
Range of 1-5 kW

That Delivers

• Maximum Efficiency up to 98.3%

• MPPT efficiency up to 99.9% Built
–in Wi-Fi & DC Switch
• IPSS dust-proof and water proof
• Multiple monitoring &
communication
• Super large 5-inch LCD Fanless
low –noise design
• Very compact design, lighter than
similar product
• Easy to install

1-3 kW 1-5 kW
WAAREE SOLAR INVERTERS
Inverter Series : Three Phase
Range 4 -75 kW

That Delivers

• Idea design for Rooftop Services /

Utility 480 V ac Output
• Peak Efficiency up to 98.8%
• 4 MPPT / up to 13 Inputs
• Low Self – Power, Low Maintenance
• String – level Monitoring , Large
LCD Display
• IP 65 for outdoor use
• Built –in DC Switch and Wi-Fi
• Multiple layer Safety protection
ENERGY STORAGE

LMLA Tubular Batteries (Inverter Tubular & Solar Tubular)

Waaree Tubular Batteries are specially developed to suit Indian Market which requires quick charge acceptance and frequent deep
discharge duty.

FEATURES:
1. Rugged tubular positive plate construction with PDC grid spine for long life
2. Ultra low maintenance
3. Suitable for frequent cyclic duty under PSOC condition
4. Supplied in ready to use factory charged condition
5. Excellent deep discharge capability
6. Very low self discharge rate under storage
7. Superior Ampere-hour and Watt-hour efficiency
8. Meets IS-13369 & IEC 61427 specification with latest amendments

WAAREE AGM VRLA Battery (sVRLA Series)

The State of the Art Designed Small VRLA Batteries by Waaree are suitable for Most Critical Applications & challenging work
environment.
FEATURES:
1. Maintenance Free & Non-spillable sealed construction.
2. Excellent deep discharge recovery and charge acceptance characteristics.
3. Low Internal Resistance ensures quick power delivery.
4. Higher Gas Recombination Efficiency ensures maintenance free operation and long service life
5. High purity raw material ensures low self-discharge and long shelf life characteristics
6. Manufactured in state- of- the art facility with all major QMS certifications.
7. Dedicated After -Sales Service Network and support pan India.
ENERGY STORAGE

Waaree Li-Ion Battery Packs

Customized Battery Packs with High Precision BMS & Automated Robust Assembly with Hi-grade Cells.

FEATURES

1. Lightweight & Small in Size

2. Very long service life compared to Lead-acid battery.
3. Fast Charge – Discharge with Large Current
4. Wide Operating Temperature.
5. No Memory Effect
6. Long Storage Life
7. No Maintenance Required.
8. Customizable shape & size
9. Efficient Battery with True Capacity.
10. Supports RS232, RS484 & other cloud management platforms.
PRONTO - DO IT YOURSELF KIT (1KW - 5KW) & Batteries

Features
• Quick Installation - 1KW can be installed in 30 min.
• Qualified material, suitable for tender and Gov. projects.
• Reduced purchase time.
• Least man power requirement - only 2 people required
• Optimum design for maximum power generation
• Waaree’s latest easy to install solar module mounting
structure. Limited to 3 components per structure set.
• No penetration on the surface for structure installation
• Inverter with latest MPPT technology with remote
monitoring
WAAREE SOLAR PRODUCTS
Solar Street Light
• Wide range of all in one solar street light with Li-ion and LifePo4
batteries from 5W to 60W LED.
• Customised solution also available.

Solar Garden Light

Integrated All in one solar garden lights.

Solar Home Lighting system

• Portable Solar Home lighting system with inbuilt Li-ion battery
• 5 LED Bulbs, FM Radio
• Charging by Solar

Solar Lantern
LED Solar Lantern, Dimmable LED Lamp, USB Port for Mobile Charging ,
360 Deg. Rotating angle, charging by solar and AC mains Electricity
FRANCHISEE / RETAILS
FRANCHISEE NETWORK
280+ Franchisees Across India

• Opportunity to associate with strong solar brand

and only organized player in solar franchisee
• Latest technology & Quality products
• Large range of product mix- Single stop solar
solutions under one roof
• Competitive price and better margins
• Strong pre & post sales and marketing support
• Training from expert technical and sales
professionals to the franchisee's team
WHY WAAREE
KEY STRENGTHS IN SOLAR

Customer Connect Market Acceptance: Network: Strong and Innovation:

: Strong Customer Proven name and proven network with Consistent
Base of Respected quality at competitive all introduction of new
Industrial rates in national and stakeholders/authoriti technologies and
Houses/Companies international markets es with more than a innovative products &
decade of experience solutions

In-house Team: Quality Certification: On-Ground Track

Experienced & strong All required Record: Large
team with proven approvals and installations with long
performance in solar certifications for and proven on-
modules ground performance
 OUR PLANS…

• Additional Capacities:
Structures -
– Modules Capacity: To increase to 1.8 GW/year PV Value Chain: Modules Tracker/Floating: Partner
– Structure Capacity: 200 Tons per Day to Wafers Manufacturing with SB Solar and 4C
Solar
• New Manufacturing Lines:
– Cell Manufacturing: 500 MW/year
– Wafers Manufacturing: 500
MW/year Storage & Batteries:
Module technologies: Continued Innovation
Merlin, Nishati, OneSun and Partnership
• Sales Network
– Channel Partner Network in India and other emerging
markets
• Projects as IPP’s
– Up to 5 MW IPP for upto 5 MW’s – Sales Network: Leverage
Government and Partner network for all
Private PPA’s businesses
Address Phone Email & Website

602, Western Edge-I, Off. Western +91-22-6644 4444 waaree@waaree.com

Express Highway, Borivali (E), 1800 2121 321 www.waaree.com
Mumbai 400066, Maharashtra, India

Thank You !