Waaree Energies share price declined 2.11 percent on Friday. The company has witnessed nearly 17 percent decline this year, mainly due to selling in Indian markets. The stock has recovered from lows in the recent trading sessions and we can expect momentum to continue. Indian markets have recovered smartly in March and the market sentiment has turned neutral from strongly bearish during February. Waaree Energies has launched the largest solar cell facility in India.

Waaree Energies Launches India’s Largest Solar Cell Facility in Gujarat, Reinforcing Nation’s Renewable Energy Ambitions

In a significant boost to India’s clean energy landscape, Waaree Energies Ltd has inaugurated a state-of-the-art solar cell manufacturing facility in Chikhli, Gujarat, with a production capacity of 5.4 gigawatts (GW). The milestone marks the launch of the country’s largest solar cell gigafactory and aligns with the government’s larger vision of energy self-sufficiency under the Atmanirbhar Bharat initiative. The new facility is expected to generate over 9,500 direct jobs and an additional 30,000 indirect employment opportunities, underscoring its socioeconomic impact as well as its strategic value in India’s decarbonization roadmap.

Waaree Energies Unveils 5.4 GW Solar Cell Gigafactory

Waaree Energies Ltd, one of India’s foremost renewable energy companies, has officially commissioned a 5.4 GW solar cell manufacturing plant at Chikhli in Gujarat. The inauguration event was attended by Union Minister for New and Renewable Energy Pralhad Joshi and Gujarat Chief Minister Bhupendra Patel, signaling strong institutional support for domestic clean energy manufacturing.

The new factory is being touted as Bharat’s largest solar cell manufacturing unit, positioning Waaree as a pivotal player in India’s ambition to become a global hub for green energy solutions.

Strategic Footprint and Manufacturing Scale

Situated on a sprawling 150-acre site, the Chikhli facility boasts a built-up area of 101 acres, housing advanced infrastructure and machinery. This scale of development reflects Waaree’s long-term commitment to strengthening India’s solar value chain—from wafers and cells to fully integrated modules.

The launch comes at a time when India is actively working to reduce reliance on solar imports, particularly from China, and build its indigenous capabilities to support the National Solar Mission and energy transition targets.

Aligning with Atmanirbhar Bharat and Clean Tech Vision

Speaking at the launch, Union Minister Pralhad Joshi described the facility as a “tribute to India’s growing prowess in renewable energy” and a clear embodiment of the Atmanirbhar Bharat initiative. The Indian government has been prioritizing localized clean technology manufacturing as a pillar of its global climate commitments.

According to the minister, the goal is to position India as a leading global manufacturing hub for next-generation clean energy technologies. The launch of Waaree’s new gigafactory is a critical step toward that end, both in terms of production capability and employment generation.

Massive Employment and Economic Upside

Waaree Energies’ new plant is expected to be a major economic catalyst in the region. The company announced that the Chikhli site will create over 9,500 direct jobs and approximately 30,000 indirect employment opportunities, contributing significantly to both rural and urban livelihoods.

This job creation extends across manufacturing, logistics, supply chain, and auxiliary services, offering a ripple effect that enhances regional development while reinforcing India’s clean energy infrastructure.

Waaree’s Expanding Global Footprint

Headquartered in Mumbai, Waaree Energies Ltd has already cemented its status as a renewable energy leader with a global manufacturing capacity of 15 GW for solar PV modules. This includes 1.3 GW of Indosolar capacity in India and 1.6 GW of module production capacity in Texas, United States.

The Chikhli gigafactory complements these existing assets and further consolidates Waaree’s position as an internationally competitive player in the clean energy space.

Leadership Statement: A Technological Turning Point

Hitesh Doshi, Chairman and Managing Director of Waaree Energies Ltd, framed the launch as more than just an expansion of infrastructure. In his words:
“With the launch of our 5.4 GW solar cell gigafactory in Chikhli, Waaree is laying the foundational cornerstone of India’s energy independence and technological renaissance.”

The sentiment captures both the urgency and opportunity in transitioning India from a net importer to a global innovator in solar technology.

Conclusion: India’s Green Future Just Got Brighter

The inauguration of Waaree’s Chikhli plant is not merely a corporate milestone—it is a national achievement. At a time when energy security and environmental responsibility are at the forefront of global discourse, this facility serves as a critical lever for India’s clean energy ambitions.

With robust capacity, job creation, and a commitment to technological innovation, Waaree Energies is not just building solar cells—it’s energizing India’s sustainable future.