Juniper Green Energy Raises $1 Billion In Debt Financing

Waaree Energies' new solar cell manufacturing plant in Chikhli, Gujarat, has begun commercial production. The initial stage of the facility's commissioning is a 1.4 GW Monocrystalline PERC (Mono PERC) solar cell production line. When finished, the facility will have a 5.4 GW total capacity, which will include 4 GW of high-efficiency TOPCon solar cells that will be installed in the next stage. Waaree hopes to increase domestic solar production, lessen dependency on imports, and stabilize costs in the face of global supply chain volatility with this plant. The high-efficiency solar cells produced at Chikhli will support India’s renewable energy goals and provide a steady supply of advanced solar technology for power producers and industries. The facility will serve both the domestic and international solar markets, strengthening India’s position as a key player in the global solar supply chain. The Chikhli facility is equipped with state-of-the-art production lines, advanced automation, and strict quality control measures to ensure high efficiency and reliability. Besides technological advancements, the facility is expected to create jobs and contribute to industrial growth. With the first phase now operational, Waaree continues to lead the solar industry by delivering high-performance solar solutions, accelerating India’s transition toward a greener and more sustainable future.