In Short : For 192 crore, Waaree Energies, one of the top producers of solar modules in India, purchased a 64 percent share in Kotsons Private Ltd. With this calculated move, Waaree enters the transformer market, extending its reach throughout the value chain for renewable energy.
Encouraging Innovation and Strategic Growth
Waaree’s position as a provider of complete renewable energy solutions is strengthened by the acquisition, which enables it to incorporate transformer manufacture into its product line. Waaree is adjusting its portfolio to meet the growing demand for grid-ready solar projects and end-to-end clean energy solutions by branching out into electrical infrastructure.
Impact and Significance of Clean Energy
Transformers are essential to system stability and the evacuation of renewable energy. Through this acquisition, Waaree strengthens its capacity to assist massive solar farms, increasing power transmission efficiency and advancing India’s objectives for the growth of renewable energy.
About Waaree Energies
Established in 1989, Waaree Energies is the biggest producer of solar photovoltaic modules in India, with a significant global footprint. In addition to operating cutting-edge manufacturing facilities and offering rooftop, solar, and EPC utility services, the company has recently expanded into the transformer manufacturing market through Kotsons.
