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March - 2016

ABOUT
WAAREE GROUP

Waaree Group - Growth Trajectory

1989 1997
WAAREE Group was founded by
Mr Hitesh Doshi in 1989 with a
focus on Instrumentation

1997 - 2007
JV with Italian & Chinese partners.
Setup of Global offices at Dubai,
Qatar, Oman and in EU.
Expansion into 65 countries for
customer service.

2007 - 2011
Establishment of Waaree
Energies Ltd.
A 30MW module
manufacturing line is set-up in
2007

Waaree Group - Growth Trajectory

2011 - 2013
Acquires 100% stake in Cesare
Bonetti to diversify its business in
the valve sector
Started EPC services and venture
into other business segment like
solar pumps and other off-grid
applications
Expanded module manufacturing
capacity from 30 to 110 MW

2013 2014
Expands its IPP business to 150
MW
Joint equity with a MiniRatna
company for 100MW project
Module Manufacturing
capacity up from 110 to 250
MW

2014 - 2016
Expanded capacity
from 250 MW
to 500 MW
In process to Expand Capacity
to 1000 MW
Pursuing project development
pipeline of 4000 MW

Waaree Group

Promoter Group

A world leader in the manufacturing of Level Gauges and


Valves, Since 1905, WAAREE owns 100% stake in CESARE
BONETTI headquartered in Milan, Italy, and having
manufacturing units across EU and India

WAAREE Energies Ltd. is one of Indias most diversified &


integrated solar power solutions company with Indias
largest module manufacturing capacity (500 MW)

Leveraging group exposure to growth in identified markets and business areas

Waaree Group : Credentials

Bonetti World
leader in
Gauges and
Valves

Business
Excellence

Vision is to provide high quality and cost-effective


solutions across areas of operations in emerging as
well as developed markets while leveraging on the
goodwill and experience of the group and
Management expertise

Quality First

Global presence
and outlook

Waaree
Energies
Since 2007

500+
customers
across the
globe

ABOUT
WAAREE ENERGIES LTD

Presence Across The Solar Spectrum

SOLAR
MODULES

500
MWS OF
MANUFACTURI
NG FACILITY

EPC SERVICES
2000+
PROJECTS
EXECUTED
GLOBALLY

PROJECT
DEVELOPER

SOLAR
THERMAL

INDEPENDENT
POWER
PRODUCER

ROOF TOP
SOLUTIONS

SOLAR WATER
PUMP

SOLAR
PRODUCTS

Waaree Energies Ltd. : Credentials

2000 + Projects

MWs
Indias Largest
Module
Manufacturing
Capacity of 500
MW*

150 + MW IPP

More than 2000 Projects In


rooftop, Pumps and Telecom
Across 110+ Locations

EPC
200 + MWs
More Than 200 MWs
of EPC Projects
Executed

IPP Assets of 150


MW ** Under
Construction

600+
Employees
More than 600
Professionals working
across the globe
committed to world
class quality and
service

Order book of
200 + MWs *
Confirmed
order book of
200 + MWs

Q3 - 2015

Bridge to India Report - 2015

Ranked No. 1 Indian


solar panel supplier

Ranked No. 8
EPC contractor

Capabilities Across Solar Energy Value Chain

PV Module
Manufacturing

Pre feasibility
Studies

Power
Evacuation

& supplies

Land and Site


Identification

End-to-End
Capabilities

Flexible business models


delivered as per

Limited turn-key,
project development on
investors land & PE
infrastructure

customer need
Design & mfg. of
Modules

Installation &
Commissioning

Site
Infrastructure
Development

EPC Services

Comprehensive one stop


end-to-end solution,
from land and PE to life
cycle asset

Focus areas

Cost & Quality


Modules Manufacturing
Production cost/Watt lowest in
the country
Reduced finance cost through
various financial mechanisms
Focus on International Quality
standards. Compliance to
accepted standards and practices

Efficiency
Working capital cycle reduction
Vendor rationalization for
supply chain optimization
Improving productivity of staff
through
Maximum use of IT and
specialized software Already
an SAP driven organization
Implementation of proper
review mechanism
Focused sales strategy
Reduced business verticals

Technology / R&D
Constant focus on increasing
technological efficiency
Evaluating technologies to
improve efficiency through
poise of materials in the area
of stringing of cells . MoU with
GTAT - USA
Implementing pilot projects to
evaluate a new technology in
structure for reduced space

MANUFACTURING
CAPABILITIES

Poly And Mono Crystalline PV Modules

High conversion
efficiency based on
leading innovative
photovoltaic
technologies.

High reliability with


guaranteed 0~+4.99 Wp
power output
tolerance, ensuring best
ROI.

Withstands high windpressure and snow


load (passed 5400Pa
mechanical loading
test), and extreme
temperature
variations.

Each PV module is
provided with RF
identification tag
which are to be used
in solar power plant
projects.

Certifications Of Modules
Successful Audits

Fitchner
Srl, Italy

Black and
Veatch, USA

EDF,
France

Sun
Edison

MCS

ISO 9001:2008 l ISO 14001:2004 l OHSAS 18001:2007


IEC 61215 l IEC 61730-1&2 l IEC 60068-2-68 l IEC 61701 l IEC 62716

Enel,
Italy

Module Features

Cell
High Efficiency Cells by globally
known and certified suppliers
such as Gintech - Hareon and
Indosolar.

Variant
Modules in the Power class of
3Wp to 400Wp with 240Wp
family for 60 cells Modules and
280Wp family for 72 cells.

Process
Manufacturing process follows the
best International Industry
Standards and Practices.

Type
Manufacturing Poly Crystalline
as well as Mono-crystalline
modules.

Efficiency

Current module efficiency in excess


of 16%.

Picking up best from the world to deliver optimum performance and efficiency

RELIABILITY TESTING

In-House Testing

Insulation Resistance Test

Di Electric Withstand Test

Mechanical Load Test

Performance At Low Irradiance

Thermal Bypass Diode Test

PID Testing

Robustness Of Termination

Humidity Freeze Test

Thermal Cycling Test

Damp Heat Test

Sun Soaking /Pre Conditioning

Outdoor Exposure Test

Wet Leakage Current Test

Ensuring Quality and Reliability. Waaree has passed factory audits from various International buyers

Largest Manufacturing Plant in India

India's Largest,
State of the Art,
Module
Manufacturing
Facility, with the
capacity of 500
MW, - Surat
Gujarat

Waaree :International Module Installations

Sr. No

Capacity

Company

Project Location

Year

2 MW

Sigma Energy Consultancy

Italy

2015

1.3MW

LUXOR GmbH

Germany

2015

5MWp

ESPE SRL

Italy

2014

14 MWp

KREN Invest B.V

Netherlands

2013

2.5 MWp

Enel Green Power

Italy

2013

2.5 MWp

Rupa Technologies

Germany

2013

5 MWp

Sacchi Giuseppe SPA

Italy

2011

180 KWp

Nessel Groove

United Kingdom

2011

156.4 KWp

San Martino

Italy

2011

10

2 MWp

Fliegl Energie

Germany

2010

11

1.3 MWp

Feliciony Energy

Italy

2010

12

740 KWp

Sidernet SPA

Italy

2010

13

500 KWp

ECOJOULE S.R.L.

Italy

2010

14

507 KWp

Ferla Energy Srl

Italy

2010

15

500 KWp

V.T Telematica S.P.A.

Italy

2010

16

200 KWp

Triptis

Germany

2010

17

550 KWp

Gookir Global

Turkey

2010

EPC TRACK RECORD

Capabilities

Engineering

Project Systems

Electrical

Structural & Civil

Monitoring

Evacuation

Procurement

More than
200 MW s of
EPC projects
delivered

Construction

Land Development

Structure

Control Room

Roads & Drainage

Evacuation of Power

PV Modules

Inverters

Structures

Cables

Transformers

Project
Maintenance

Project Execution

Manufacturing

Business
Development

Infrastructure
Planning And
Development

Experience of providing End to End solutions in project development, implementation and O&M

Projects Snapshot

No.

Capacity (MW)

Company Name

Project Location

Project Status

75

Leading Utility Company

Surat, Gujarat

Under Execution

50

Waaneep Solar

Madhya Pradesh

Commissioned

50

Waaneep Solar

Andhra Pradesh

Under execution

40

Adani Power (only Engineering)

Gujarat

Commissioned

27.5

Roha Dychem

Rajasthan Solar Park

Commissioned

10

Sharda Constructions

Latur, Maharashtra

Commissioned

10

Mono Steel India

Una, Gujarat

Commissioned

Green Tech

Kolayat, Rajasthan

Commissioned

Friends Group

Susner, Madhya Pradesh

Commissioned

10

Sai Baba Green Power

Latur, Maharashtra

Commissioned

11

Avatar Solar

Patan, Gujarat

Commissioned

12

Taxus Infrastructure

Kutch, Gujarat

Commissioned

13

Bhadresh Trading

Susner, Madhya Pradesh

Commissioned

14

Abellon Clean Energy

Modasa, Gujarat

Commissioned

15

Claris Life Sciences

Modasa, Gujarat

Commissioned

Various Rooftop Projects

Across 14 States

Commissioned

16

17

Haldirams

Nagpur, Maharashtra

Commissioned

18

1.5

Neon Laboratories

Murtizapur, Maharshtra

Under Execution

Waaneep Solar
Pvt Ltd - 50 MW

Top-notch EPC Expertise Wins The


Partnership Of Miniratna

Project
Waaneep Solar Pvt. Ltd.

Size
50 MW

Location
Icchawar, Madhya Pradesh

Commissioned
June 2015

50 MW

Roha Dychem - 27.5 MW

Executed in record 96 Days !

Project
Rohadyechem Pvt. Ltd.

Size
27.5 MW

Location
Bhadla, Rajasthan

Commissioned
September 2015

27.5 MW

Monosteel
India Ltd - 10 MW

Integrated Solutions for Optimized LCOE

Project
MonoSteel India Ltd.

Size
10 MW

Location
Una, Gujrat

Commissioned
January 2012

10 MW

Sharda
Constructions - 10 MW

Economic, Social & Ecological Benefits . . .

Project
Sharda Constructions

Size
10 MW

Location
Latur , Maharashtra

Commissioned
July 2015

10 MW

Bhadresh Trading
Corporation Ltd - 5 MW

High Quality Solutions Ensure High Output

Project
Bhadresh Trading Corp.

Size
5 MW

Location
Susner , Madhya Pradesh

Commissioned
August 2013

5 MW

Many More . . .

More than 200 MW s of EPC projects delivered

Sharda
Constructions :
7 MW

Friends Group :
5 MW

Claris
Life Sciences :
2 MW

Neel
Properties :
1.5 MW

Haldiram Foods :
1.5 MW

Waaree : Growth Strategy

PPA Purchases
Operating Projects
Acquisition

Greenfield
Development

Maximization of the existing


presence across the value chain

Economic control due to financing


flexibility and optimal bidding
strategy

Better quality control on asset


implementation

Lower visbility on pipeline due to


dependence on govt. Schemes

Competition may be encountered


during bidding

High

Visibility on project cash flows and working


capital cycles

No development and construction risk

Possibility of good yields from such projects

Limitations on structuring

Time and effort quotient in acquisition of


projects

Medium

Option to choose projects based on


preference of tariff, state, offtaker
etc.

Maximization of the existing


presence across the value chain

Valuation premium might impact


overall economics

Possible limitations on associated


infrastructure

Low

Primary focus on greenfield development while seeking out opportunities for PPA purchases
and acquisitions to augment project pipeline

Facilitating Growth of Solar Power


J&K
2nd largest potential. To bid for
projects
Rajasthan
Largest potential for dev. To bid
for projects

Madhya Pradesh
Sehore district
Land acquisition in progress
Gujarat
Vapi, Patan
Land acquisition in progress

Maharashtra
Akola Launched Sunbless 40 MW
Plug & Play Solar Park in Aug.
2015

Telangana & Andhra Pradesh


Karim Nagar Land acquisition in
progress
Tamil Nadu
Kamuthi
Land acquisition in progress

Aggregating land of 1250


acres with dev. potential
of 250 MW

Substations located at a
average distance of ~10
kms from the site

Advanced stages of
discussion for
lease/acquisition of
Govt./Private land

Average generation
expected of ~1.50
MU/MWp

Waaree has pan India presence with projects in most of the states with good development
potential and projects being bid out

Address

Phone

Email & Mail

602, Western Edge-I, Off. Western


Express Highway, Borivali (E),
Mumbai 400066, Maharashtra, India

+91-22-6644 4444
1800 2121 321

waaree@waaree.com
www.waaree.com

Thank You !