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Waaree Energies bags PV Tech’s coveted ModuleTech Bankability ‘A’ ratings
Becomes India’s first and only PV solar module manufacturer to bag the rating.

Waaree Energies Limited has achieved pioneering feat of being the first Indian company in the solar PV module manufacturing landscape to be rated under ‘A’ category by globally acclaimed PV Tech’s latest ModuleTech Bankability ratings. Waaree Energies has attained this rare distinction basis its strong financial performance and stability along with advanced manufacturing capabilities, and commitment to delivering high-quality, reliable solar modules.
The PV ModuleTech Bankability Ratings serve as a definitive benchmark for investors, developers, and EPCs (Engineering, Procurement, and Construction) seeking to mitigate risk and ensure long-term returns in solar projects. This independent assessment evaluates PV module manufacturers on critical factors, such as financial stability, production capacity, market reputation, after-sales support, and technological innovation. It also considers a manufacturer’s value chain strength, global shipping capabilities, capital expenditure (capex) in infrastructure and technology, research and development investments, and cash flow management- key indicators of long-term reliability and scalability.
With the manufacturing capacity of approximately 15 GW globally, Waaree demonstrates a robust value chain and a strong global supply footprint. Further, Waaree’s PV Module Test Laboratory (PMTL) in Chikhli, accredited by NABL, emphasizes the company's assurance to quality and innovation, guaranteeing that the modules adhere to the highest international standards of durability and efficiency.
Additionally, Waaree has been at the forefront of next-generation solar technology with its TOPCon and HJT modules, offering world-class, high-efficiency solutions tailored for evolving energy needs.
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