Huawei tie-up with Waaree in India
During Intersolar, Huawei Technology Co. Ltd., China announced its partnership with Waaree Energies Ltd in India. Waaree has placed an order for 100 MW’s of string inverters and smart PV solutions on Huawei for its projects in India. Both companies are committed for a long and fruitful association for the India market and provide technologically advanced solutions. During the FY 2015-16, the company executed some big size, grid-tied EPC contracts such as ‘Waaneep’, which is a 50 MW project in MP. Another 50 MW project in Andhra Pradesh would break ground soon. Also, Waaree is eyeing Rs 3,000 crore revenue in the next fiscal.