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Solar module maker Waaree Energies looks to raise $100 million

Solar module maker Waaree Energies looks to raise $100 million

Thursday, March 16, 2017, 8:51 AM

Waaree Energies Ltd, one of India’s largest solar module manufacturers, has appointed consulting firm EY to raise around $100 million. Fundraising effort comes in the backdrop of falling solar power tariffs because of plunging prices of solar modules. Module prices are expected to extend their drop in 2017 as global supply exceeds demand. Waaree Group has 500 MW solar module manufacturing plant at Surat.
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