India's Waaree Energies Secures $121 Million in Funding

 

 

 

 

India's solar energy company, Waaree Energies, announced that it has successfully raised approximately $121 million in funding. The company plans to utilize the funds to expand its renewable energy projects and enhance its manufacturing capabilities.

 

The funding round was led by a group of investors including Alpha, ArcelorMittal, and Norges Bank Investment Management. This substantial investment reflects the growing interest and confidence in India's renewable energy sector.

 

Waaree Energies aims to contribute to India's goal of achieving 40% of its energy consumption from non-fossil fuel sources by 2030. The company specializes in the production of solar modules, inverters, and other solar power equipment. Their products are known for their high efficiency and reliability, making them a popular choice for both residential and commercial solar installations.

 

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The Daxtromn Power 2XMPPT inverter offers advanced MPPT (Maximum Power Point Tracking) technology, allowing it to prioritize solar power as the primary energy source for households. This means that it maximizes the utilization of solar energy while utilizing the grid as backup power. It integrates a solar controller, inverter, uninterrupted power supply (UPS), AC charger, and solar charger in one compact device.

 

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Overall, the Daxtromn Power 2XMPPT inverter provides a significant advantage in utilizing solar energy as the primary power source for residential use. Its multifunctionality and remote monitoring capability make it a valuable tool for homeowners seeking to optimize their solar power systems and contribute to a more sustainable future.

 

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