Waaree has been assigned SP 1A grading by ICRA

Solar PV manufacturer and solutions provider Waaree Energies Limited has received the highest grading of SP 1A for solar projects. This formally recognises and affirms the company’s highest performance capability and  financial strength to undertake solar projects. The grading agency specifically notes the strong track record of project execution as well as the strong parentage and management within the Waaree Group.

The grading provides a tool for comparison of channel partners on a rational, scientific framework and a commonly applicable scale. As envisaged by the Ministry of New and Renewable Energy (MNRE), grading also enables the channel partners to showcase their capability in executing projects to various other stakeholders like lenders, customers, suppliers and community groups.

Commenting on this reaffirmation by the noted grading agency, Hitesh Doshi, chairman and managing director, Waaree Energies, said, “We consider this as a timely revalidation of the tireless work we, at Waaree, have been doing for more than a decade in and for the solar industry. While we consider the success of our clients and partners as reward enough, these recognitions go a long way in keeping our morale high and motivate us to continue our quest for excellence.”

Waaree has been recently awarded the Tier 1 status, taking its place among international leaders in the manufacture of bankable solar modules. On the domestic front, Waaree has been recognised by the Central Board of Irrigation and Power, Government of India, as the “Best Solar PV Module Manufacturer and Solar Power Developer”.


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