Waaree Energies projects 30% revenue growth from rooftop solar in next five years
Waaree Energies, a leading solar panel manufacturing and installation company, expects rooftop solar (RTS) to contribute at least 30% in its total revenue in the coming years, Amit Paithankar, Chief Executive Officer, Waaree Energies, told ET.
“In the next five years, RTS could most definitely be a significant contributor to our revenue, highlighting its importance in our strategic roadmap…We can foresee a minimum of 30% and upwards of RTS share in our revenue pie in the coming years,” Paithankar said.
“As we gear up for this massive shift, our PV module manufacturing capacity expansion plans are well on-track and as it is, we have ample infrastructure to meet the foreseen demands,” he said.
He sees RTS as one of the most promising avenues for corporates seeking sustainable growth.
Finance Minister Nirmala Sitharaman launched the PM Suryaghar Muft Bijli Yojana in the Budget earlier in the year, which aims to install solar panels in 1 crore households and provide up to 300 units of free electricity every month.
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