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ICRA accredits Waaree Energies with SP1A Ranking indicating Strong ‘Performance Capability’ and ‘Financial Strength’

ICRA accredits Waaree Energies with SP1A Ranking indicating Strong ‘Performance Capability’ and ‘Financial Strength’

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Mumbai: India’s largest solar manufacturer, Waaree Energies has been assigned the highest ranking of SP1A by Investment Information and Credit Ranking Agency of India (ICRA) under System Integrator Grading.

The ranking SP1A emphasizes the company’s superior performance capability and highest financial strength to undertake solar projects. Valid for two years, it reiterates Waaree’s position as the most efficient and trusted player in the solar manufacturing space.

This also makes the homegrown success-story brand the most preferred partner among stakeholders owing to it’s robust project financing caliber and sound technological infrastructure.

It assures customers timely completion of projects, well rounded project development skills, expert rooftop solutions, adept power production and superior ability to orchestrate large scale solar projects contributing to India’s mission of 175 GW by 2022 in the larger scheme of things.

Waaree has already executed over 600MW solar projects and has record of executing a 50MW solar project in Vietnam in 100 working Days, becoming the first Indian solar company to achieve this feat.

The ranking derives it’s strength from the company’s well-nurtured and established professional relationship with stakeholders, positive customer feedback on projects executed and excellent after sales service. It is also reflective of Waaree’s well trained manpower with exceptional experience in the EPC service.

WAAREE was recently recognized as ‘India’s Greatest Brand’ in Solar Industry by AsiaOne for FY. 2019-20. WAAREE has maintained its position as the Bloomberg Tier 1 manufacturer for the last 24 quarters.

WAAREE serves over 5000 customers globally which illustrates the trust gained by the company over a period of 32 years of its existence.

Dr. Hitesh Doshi, CMD, WAAREE Group said, “We are honored to have been affirmed with the prestigious SP1A ranking by ICRA. We are also thankful to our stakeholders for their trust and confidence has helped us accelerate our growth journey and scale new heights.

We will continue to be committed to customer centricity, uncompromised service quality and affordable pricing. These recognitions push us to continuously innovate, improve and thrive.”

About Waaree Energies:

Waaree Energies Ltd. is the flagship company of Waaree Group, and has the country’s largest Solar PV Module manufacturing capacity of 2 GW. In addition, it is one of leading players in India in EPC services, project development, rooftop solutions, solar water pumps, and as an Independent Power Producer. Waaree has its presence in over 350+ locations nationally and 68 countries globally.

Anand Gupta Editor - EQ Int'l Media Network