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Afternoon Energies Limited: The renewable energy company is soon going to get the supply of 180 MW solar modules from Vari Energies Limited. The company issued a statement on Monday saying that its supply will start from the financial year 2025-26. Let us tell you that just a few days ago, India’s largest solar PV module manufacturer, Vaari Energies Limited, has received the contract for the supply of 180 MW solar modules from the Renewable Energy Company of the Government of India.
Increasing confidence of investors in the company’s shares
This deal is no less than a milestone for Vaari Energies, which reflects the company’s important role in India’s rapidly growing renewable energy sector. The company has also been awarded the Letter of Award, which increased both its identity and reputation in the market. Today, after issuing the statement by the company, shares of solar panel manufacturer Vaari Energies Limited closed with a gain of 1.2 percent at Rs 2,635.75 per share on Bombay Stock Exchange (BSE). This shows the increasing confidence of investors towards the company.
India’s renewable energy capacity will increase
With this order, there will be maximum supply of PV modules from Vari Energies in the country, which will help in fulfilling the mandate of the Government of India in the renewable energy sector. This will not only reduce greenhouse emissions but will also benefit the environment. The company aims to increase its solar module production capacity to 20.9 gigawatts by 2027.
Let us tell you that Vari Energies Limited is one of the biggest solar companies in the country. The company not only manufactures solar PV modules, batteries and other solar products, but also supplies them on a large scale. Vari Energies’ products like multicrystalline, monocrystalline and advanced Topcon solar modules are being used all over the world including India. By 2024, the company’s capacity was 13.3 gigawatts (GW), whereas by 2021 its capacity was only 2 gigawatts.
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