WattPower signs deal with Renew Power to provide 1.2 GW of string inverters by December 2023
New Delhi : Innovative energy solutions supplier WattPower has signed a landmark agreement with ReNew Power, the largest renewable energy business in India. One of the biggest transactions in the...
New Delhi : Innovative energy solutions supplier WattPower has signed a landmark agreement with ReNew Power, the largest renewable energy business in India. One of the biggest transactions in the solar inverter business, the agreement calls for the delivery of 1.2 Gigawatts (GW) of string inverters. This partnership, with a contract value of about INR 200 crores, is a major step forward in India’s renewable energy transformation.
In light of this momentous milestone, ReNew Power’s Executive VP Sivaprasad Manikkapurath gushed, “This is a component of our whole aim of 5 GW of solar project by 2024. As a company, we will always prioritise doing things well and finishing projects on schedule. A deal of this kind will unquestionably aid in our progress towards our objectives.
German startup WattPower has secured major funding from a well-known German conglomerate with annual revenues of one billion US dollars. WattPower has expanded its activities to more than ten nations across two continents because to its amazing expansion plan. String inverters from WattPower are well regarded for their efficiency, dependability, and cutting-edge capabilities, which allow solar energy to be converted into useable power without any interruptions. As a result of this agreement with ReNew Power, cutting-edge renewable energy projects may be implemented throughout India, helping the nation meet its lofty clean energy goals.
ReNew Power plans to improve the efficiency and production of its renewable energy installations by using WattPower’s state-of-the-art string inverter technology. Maximum output from solar power plants and continuous operation of the plants will be guaranteed by the high-efficiency string inverters. WattPower’s inverters provide cutting-edge monitoring and control features that will allow for real-time tracking of performance, fault detection, and preventative maintenance, resulting in more productivity and less downtime.
“We are thrilled to collaborate with ReNew Power, a trailblazer in the renewable energy sector,” said Divya Prakash Choraria, Managing Director of WattPower, in reference to the new relationship. Our cutting-edge string inverters will be important in efficiently putting India’s plentiful solar energy to use. This agreement shows our continued commitment to facilitating the widespread use of renewable energy sources and creating a more sustainable future.
This landmark deal between WattPower and ReNew Power will boost the country’s renewable energy capacity and contribute significantly to job creation and local economic growth. The deployment of the 1.2 GW string inverters will create numerous opportunities for skilled professionals in the renewable energy sector.
WattPower and ReNew Power reiterate their shared vision of driving sustainable development, and delivering reliable and clean energy solutions that contribute to India’s green energy revolution. By harnessing the power of solar energy, the two companies aim to reduce carbon emissions, combat climate change, and create a greener future for generations to come.
About WattPower:
WattPower is a leading provider of innovative energy solutions, specializing in advanced string inverters for solar power systems. The company’s cutting-edge technology ensures efficient and reliable conversion of solar energy into electricity, enabling the seamless integration of renewable power into the grid.
Website: https://www.watt-power.com/
About ReNew Power:
ReNew Power is India’s leading renewable energy company, dedicated to powering a sustainable future. With a diversified portfolio of wind, solar and hydroelectric power projects, ReNew Power is at the forefront of India’s clean energy revolution, contributing significantly to the country’s renewable energy capacity.
