Huawei tie-up with Waa­ree in In­dia

Power Watch India - - DESPATCHES FINANCE -

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.

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