New Delhi: Waaree Energies Ltd, one of India’s largest solar module manufacturers, has appointed consulting firm EY to raise around $100 million. The fundraising effort comes in the backdrop of falling solar power tariffs because of plunging prices of solar modules. According to information available on Waaree Group’s website, the company has a 500 MW module manufacturing plant at Surat in Gujarat. Indian solar power producers may get module prices reliefMost solar power developers in India have been sourcing solar modules and equipment from countries such as China where they are cheaper. ALSO READ | Govt’s solar park plan a lifeline for power transmission businessIndia module makers such as Waaree, Tata Power Solar Systems Pvt.

Source: Mint March 15, 2017 21:00 UTC