In Short : One of the top producers of solar modules in India, Waaree Energies, has entered the transformer industry by acquiring a 64% share in Kotsons Private Ltd. Waaree’s vertical integration strategy is strengthened by this action, which also increases the company’s footprint in the larger power equipment market.
Encouraging Innovation and Strategic Growth
Waaree hopes to expand its business beyond solar modules and solidify its position in the value chain for renewable energy with this acquisition. By integrating generating with vital power infrastructure, the move will improve the company’s capacity to provide integrated sustainable energy solutions.
Impact and Significance of Clean Energy
Transformers are essential to the effective distribution and transmission of renewable energy. Waaree’s entry into this market would help India achieve its ambitious clean energy transition ambitions by advancing its grid modernization and renewable integration objectives.
About Waaree Energies
The biggest producer of solar modules in India, Waaree Energies is well-known for its work in solar product solutions, project development, and EPC. An important step toward the company’s goal of becoming a fully integrated renewable energy firm is its entry into the transformers industry.
