WAAREE ENERGIES LIMITEDBRIEF INTRODUCTION & CREDENTIALS

Corporate Profile

ABOUT WAAREE ENERGIES

1989-1997 1997-2007 2007-2011

2011-2013 2013-2014 2014-2017

• WAAREE Group was founded by Mr. Hitesh Doshi in 1989 with a focus on instrumentation business

• JV with Italian & Chinese partners &setup of Global offices at Dubai,Qatar, Oman and in EU.

• Expansion into 65 countries forcustomer service.

• Establishment of Waaree Energies Ltd.

• A 30MW module manufacturing line isset-up in 2007

• Started EPC services and ventureinto other business segment likesolar pumps and other off-gridapplications

• Expanded module manufacturingcapacity from 30 to 110 MW

• 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

• Expanded capacity from 250 MW to 550 MW

• In process to Expand Capacity to 1200MW

WAAREE GROUP – GROWTH TRAJECTORY

Our Vision is to provide high quality and cost-effective sustainable energy solutions across all the markets, reducing carbon foot print- paving way for sustainable energy there by improving quality of present and future human life

By virtue of our commitment to our stakeholders, we strive for continuous improvement in the quality of our products & services

The core values of our organization are those values that underlie our work & strategies we employ to fulfil our vision & mission

GUIDING PRINCIPLES

Integrity

Continuous Improvements and Innovation

Passion for Excellence

Respect for Individuals

Customer First

UNDERLYING VALUES

End-to-End Capabilities

Pre feasibility Studies

Land and Site Identification

Design & mfg. of Modules

Site Infrastructure Development

Installation & Commissionin

g

Power Evacuation

One-Stop Solar

Solution Provider

28 years

Enabling Solar Since

2007

5000+ customers across the

globe

Global presence and outlook

INR 1000+ Cr Turnover for the past 2

years

OUR CAPABILITIES

SOLAR MODULES

EPC SERVICESINDEPENDENT

POWER PRODUCER

ROOF TOP SOLUTIONS

SOLAR PARK DEVELOPER

FRANCHISEE NETWORK

SOLAR WATER PUMP

SOLAR PRODUCTS

SOLAR THERMAL

OUR SERVICES

SOLARINVERTER

INDIA’S NO. 1 SOLAR COMPANY

Bridge to India Report - 2015 Bridge to India Report - 2016Bridge to India Report - 2017

INTERNATIONAL - CUSTOMERS

More than 100 satisfied customers…

Italy

Spain

Italy

Italy Germany Italy

USA Germany

USA

More than 1000 satisfied customers…

DOMESTIC - CUSTOMERS

ACCOLADES AND RECOGNITION

2016: National Excellence Award for Solar PV Module Manufacturing

2017: CBIP Award for Best Solar PV Module Manufacturer & Solar Power Developer

Awarded by EEPC as “Best Performer” for four years in a row. Awarded by President of India for

“Best Company in Medium & Small Sector”

2015: Make In India Award for Excellence

…More than 100 awards

MANUFACTURING CAPABILITIES

State of the Art, Module

Manufacturing Facility, with the

capacity of 550 MW, -

Under upgradation to1200 MW

STATE OF THE ART MODULE MANUFACTURING PLANT

Successful Audits

FitchnerSrl, Italy

Black andVeatch, USA

EDF,France

MCS

SunEdison

Enel,Italy

CERTIFICATIONS OF MODULES

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.

Type

Manufacturing Poly Crystalline as well as Mono-crystalline modules.

Process

Manufacturing process follows the best International Industry Standards and

Practices.

Efficiency

Current module efficiency in excess of 16%.

POLY AND MONO CRYSTALLINE PV MODULES : FEATURES

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

MANUFACTURING TRACK-RECORD [MAJOR MODULE INSTALLATIONS]

Sr. No Capacity Company Project Location Year

1 200 + MW Azure India 2014-17

2 100+ MW Sterling & Wilson India 2015-17

3 50+ MW Ujaas India 2010-17

4 30 MW Suzlon India 2015-16

5 10 MW Atersa UK 2016

6 2 MW Sigma Energy Italy 2015

7 1.3MW LUXOR GmbH Germany 2015

8 5MWp ESPE SRL Italy 2014

9 14 MW KREN Invest B.V Netherlands 2013

10 2.5 MW Enel Green Power Italy 2013

11 15 MW Monosteel India 2012

12 5 MW Greentech India 2012

13 3 MW Abellon India 2012

14 5 MW Wipro, Dadri India 2012

15 5 MW Sacchi Giuseppe SPA Italy 2011

16 2 MW Fliegl Energie Germany 2010

17 1.3 MW Feliciony Energy Italy 2010

18 500 KW ECOJOULE S.R.L. Italy 2010

19 507 KW Ferla Energy Srl Italy 2010

20 500 KW V.T Telematica S.P.A. Italy 2010

NEW TECHOLOGY: MERLIN MODULES PERFECT FOR RUGGED, HIGH VIBRATION LOCATIONS

Merlin Features

• Maintains module integrity

• Resistant to arcing at fatigued locations

SPECIALIZED APPLICATION: RUGGED & LIGHTWEIGHT MODULE FORM FACTORS

Rugged Modules Portable Solutions

EPC CAPABILITIES

Project MaintenanceInfrastructure Planning And Development

Business DevelopmentProject Execution Manufacturing

Engineering

Project Systems

Electrical

Structural & Civil

Monitoring

Evacuation

Procurement

PV Modules

Inverters

Structures

Cables

Transformers

Land Development

Structure

Control Room

Roads & Drainage

Evacuation of Power

Construction

FULL SERVICES OFFERING WITH PROVEN EXPERIENCE

More than 500 MW ‘s of EPC projects delivered - 100 MW under execution

WaaneepSolar

50 MW

MonoSteel10 MW

ShardaConstructions

10 MW

RohaDyeChem27.5 MW

WAAREE CAPABILITIES - GROUND MOUNTED

More than 500 MW ‘s of EPC projects delivered …

No. Capacity (MW) Company Name Project Location Project Status

1 44 Hero Future Energies Telangana Under Execution

2 22 Roha Dyechem Maharashtra Under Execution

3 23 Maharashtra Seamless Rajasthan Commissioned

4 75 Leading Utility Company Surat, Gujarat Commissioned

5 50 Waaneep Solar Madhya Pradesh Commissioned

6 25 Waaneep Solar Andhra Pradesh Commissioned

7 40 Adani Power (Design) Gujarat Commissioned

8 27.5 Roha Dyechem Rajasthan Solar Park Commissioned

9 10 Sharda Constructions Latur, Maharashtra Commissioned

10 10 Mono Steel India Una, Gujarat Commissioned

11 5 Green Tech Kolayat, Rajasthan Commissioned

12 5 Friends Group Susner, Madhya Pradesh Commissioned

13 5 Sai Baba Green Power Latur, Maharashtra Commissioned

14 5 Avatar Solar Patan, Gujarat Commissioned

15 5 Taxus Infrastructure Kutch, Gujarat Commissioned

16 5 Bhadresh Trading Susner, Madhya Pradesh Commissioned

17 3 Abellon Clean Energy Modasa, Gujarat Commissioned

18 2 Claris Life Sciences Modasa, Gujarat Commissioned

19 2 Haldirams Nagpur, Maharashtra Commissioned

20 1.5 Neon Laboratories Murtizapur, Maharshtra Commissioned

MORE THAN 500 MW GROUND MOUNTED PROJECTS

SOLAR PARK SOLUTIONS

Solar Park Solution for Captive Solar Projects

Single Location Aggregated & Developed Land on free-Hold Basis

Ready & Robust Evacuation Infrastructure (Transmission Line and GSS Bay) on Shared Basis

Plug-n-Play Solution with proven expertise of Waaree’s EPC, Approvals and Asset Management team

PLUG-N-PLAY MODEL OF DEVELOPMENT

LAND CLUSTERS

Location District Solapur, Maharashtra

Connectivity MSETCL 132/33 kV Substation

Park Capacity 30 MW AC

GHI (Indicative) 1954 KWh/m2

Present status

Land Acquisition completedAll permissions obtainedPower Evacuation Infrastructure 100% completeTransmission Line connected and charged33 KV Metering Bay constructed & commissioned at MSETCL Grid sub-station

EXECUTIVE SUMMARY

33 kV Double Circuit Transmission Line

High Insolation Shovel Ready Land

Location District Akola, Maharashtra

Connectivity MSETCL 132/33 kV Substation

Park Capacity 30 MW AC

GHI (Indicative) 1882 KWh/m2

Present status

Land Acquisition completedAll permissions obtainedPower Evacuation Infrastructure 100% completeTransmission Line connected, charged and in use 33 KV Metering Bay allotted at MSETCL Grid sub-station

High Insolation Shovel Ready Land

33 kV Double Circuit Line Commissioned & Charged

NEW TECHNOLOGY: FLOATOVOLTAICSFLOATING SOLAR SOLUTIONS

DURABLE & RELIABLE:NO ENVIRONMENT IMPACT:

• Stable against high winds, waves

• Tolerates variation in water draft

• Freshwater or seawater compatible

• Corrosion resistant metal structures

• PV module engineered for marine use (10 years)

• UV resistant floats for long-life

• Floats have redundant leak-tolerant features

• Smart tethering & anchoring solution

EXTRA GENERATION:

• Module inclination adjustable for each location

• Module operates 10-15 °C cooler for extra generation

• Designed for quick installation and easy O&M

• Can be modified for tracking

DIFFERENTIATION

• Made in India*

• Patents:

PCT/US2015/063136

PCT/US2016/43007

• Patents are protected in India

• Complies with environmental, structural standards

• High quality components for long-life

• Heavy, high buoyancy floats with redundant features

• Flexible monolithic platform tolerates wind, waves

• Stable against high winds, waves• Tolerates variation in water draft• Freshwater or seawater compatible• Corrosion resistant metal structures• PV module engineered for marine use (10 years)• UV resistant floats for long-life• Floats have redundant leak-tolerant features• Smart tethering & anchoring solution

FLOATING SOLAR SOLUTION VALUE PROPOSITION

Open structure generates moon-pool effect to minimize wave-motion and passes plenty of light and air for aquatic ecosystem

IP67 rated Solar modules designed for marine

environment

High endurance HDPE components designed for drinking water systems. High buoyancy enables

minimum contact with water surface

Marine-grade Aluminum structures designed for wind-load over 150 kph

BASIC DESIGN ASPECTS

ROOFTOP TRACK RECORD

Our Experience to serve you

• We have close to a decade of extensive experience

working with both Government and private institutes

• Installation over 3,50,000 kW of systems

We do great work

• Recognized Industry Leader: Tier 1 Module

Manufacturer (international), CRISIL SP1A Grading

(MNRE), Award for ‘Best Solar PV Module Manufacturer

& Solar Power Developer’ (Government of India)

amongst others

WAAREE ADVANTAGE :ROOFTOP INSTALLATION

Mounting Structure

InvertersSolar

Modules

Civil & Electrical

Works

WAAREE ADVANTAGES: END TO END CAPABILITY

Waaree Advantage: Capability to provide complete solution at an optimal cost

TOP RATED ROOFTOP INTEGRATORBY GOVERNMENT AS WELL AS 3RD PARTY RATING AGENCY

ProjectCapacity

(kW) ProjectCapacity

(kW)

Reliance Metro, Mumbai 2300 Bonetti Waaree (I) Pvt. Ltd., Valsad 100

MSL, Sukeli, Maharashtra 2000 Surat Municipal Corporation 100

SRG Apparels Pvt. Ltd,Tirupur 1000 Municipal Corporation of Kota 100

SSIPL Retail Ltd. 1000 Platina Building, BKC, Mumbai 100

Reliance Industries, RCP, Ghansoli 600 Autocon, Bhavnagar (Gujarat) 60

Surat Municipal Corporation 540 CPWD, Jaipur 50

Rajasthan Agriculture Marketing Board, Jaipur 310 Deen Bandhu University (DCRUST), Sonepat 50

Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL), 305 Central Electronics Limited (CEL), Sahibabad (UP) 42.4

Punjab Energy Development Agency 245 LS Raheja, Mumbai 35

Grauer and Weil India Ltd., Mumbai 213 H.P Govt. Development Agency 32

Reliance Retail, Various Locations 200 UREDA, Pithoragarh 25

Skill Precision Balls Pvt Ltd, Rajkot 200 UREDA, Bhimtal 25

Grauer and Weil India Ltd. 186 L&T- MHI Turbine generators Pvt. Ltd, Hazira 22

Jharkhand Renewable Energy Development Agency 143 UREDA, Chamoli 20

VVP Engineering College, Rajkot 100 Haryana Renewable Energy Department Agency 20

Ahmedabad Municipal Corporation 15

50 + MW IN ROOFTOP INSTALLATIONS…AND COUNTING …..

IPP EXPERIENCE

• Bid for and won prestigious central policy PPA’s inConsortium with a Mini-ratna PSU from the thermalpower sector

• Developed projects in two clusters – Madhya Pradeshand Andhra Pradesh

Subsidiary of Waaree for IPP Business

SIZABLE PORTFOLIO AS INDEPENDENT POWER PRODUCER

Currently holding 100 MW Portfolio with:• 50 MW at Ichhawar, Madhya Pradesh (Operational:

Jun’2015)• 25 MW at Gurramkonda, Andhra Pradesh

(Operational: Sep’2016)• 25 MW at Nagari, Andhra Pradesh (Under

Construction)

PV Modules Installed (Angle 1) PV Modules Installed (Angle 2)

Main Entrance 132 KV Ichhawar Substation

SNAPSHOTS OF ICHHAWAR PROJECT

PV Modules 132 KV Switchyard

String InverterSCADA

SNAPSHOTS OF GORRUMKONDA PROJECT

SOLAR WATER PUMP

Applications

• Agriculture

a) Sprinkle Irrigation

b) Drip Irrigation

c) Mass Irrigation

• Livestock Watering

• Swimming Pools & Resorts

• Drinking Water Supply

a) Townships

b) High-rise Buildings

c) Row Houses

Salient Features & Benefits

• Easy & low maintenance

• High life expectancy

• Central & state govt. subsidies

• Under & over voltage protection

• Versatile applications

• Reverse polarity & dry run protection

• Start working from early in morning to late evening

• No electricity

• No dependency on any other fuel or conventional sources

• Use solar & get reliable water supply

WAAREE SOLAR PUMP SYSTEM

Head (Meters) Discharge (Liters per day) Hp Rating

Borewell Submersible Pump (Helical Type) 5 – 350 2700 – 4000 0.5 Hp to 5 Hp

Borewell Submersible Pump (Centrifugal Type)

5 – 200 2500 – 750000 0.25 Hp to 30 Hp

Openwell Submersible Pump 8 – 40 35000 – 60000 0.5 Hp to 10 Hp

Surface Pump (Monoblock) 10 – 150 500 – 1200000 0.5 Hp to 30 Hp

Swimming Pool Pump 16 – 120 1300 – 30000 0.2 Hp to 2 Hp

Borewell Submersible Pump Surface PumpOpenwell Submersible Pump

WAAREE RANGE OF OFFERINGS

* Pumps are available in AC and Dc version

• Maximum Efficiency up to 98.3%

• MPPT efficiency up to 99.9% Built –in Wi-Fi & DC Switch

• IPSS dust-proof and water proof

• Super large 5-inch LCD Fanless low –noise design

• Very compact design, lighter than similar product

• Easy to install

Inverter Series : Single Phase

Range of 1-5 kW

Features

1-3 kW 1-5 kW

WAAREE SOLAR INVERTERS

• Idea design for Rooftop Services / Utility 480 V ac Output

• Peak Efficiency up to 98.8%

• 4 MPPT / up to 13 Inputs

• Low Self – Power, Low Maintenance

• String – level Monitoring , Large LCD Display

• IP 65 for outdoor use

• Built –in DC Switch and Wi-Fi

• Multiple layer Safety protection

Inverter Series : Three Phase

Range 4 -75 kW

WAAREE SOLAR INVERTERS

3-25 kW 25-50 kW 50-75 kW

Features

SOLAR PRODUCTS

Solar Street Light• Wide range of all in one solar street light with Li-ion and LifePo4

batteries from 5W to 60W LED.• Customised solution also available.

Solar Garden LightIntegrated All in one solar garden lights.

Solar Home Lighting system• Portable Solar Home lighting system with inbuilt Li-ion battery• Mobile Charging, Inbuilt torch and Task Lamp• 3W LED Bulbs, FM Radio• Charging by Solar and AC mains Electricity

Solar LanternLED Solar Lantern, Dimmable LED Lamp, USB Port for Mobile Charging , 360 Deg. Rotating angle, charging by solar and AC mains Electricity

WAAREE SOLAR PRODUCTS

FRANCHISEE / RETAILS

31 5

PARTNER STRENGTH

WAAREE FRANCHISEE BUSINESSBRINGING THE SUN TO YOU

WHY WAAREE

KEY STRENGTHS IN SOLAR

Customer Connect : Strong Customer

Base of Respected Industrial

Houses/Companies

In-house Team: Experienced & strong

team with proven performance in solar

Market Acceptance: Proven name and

quality at competitive rates in national and international markets

Quality Certification: All required approvals and certifications for

modules

Network: Strong and proven network with

all stakeholders/authorities with more than a

decade of experience

On-Ground Track Record: Large

installations with long and proven on-

ground performance

Innovation: Consistent

introduction of new technologies and

innovative products & solutions

OUR PLANS…

• Additional Capacities:

– Modules Capacity: To increase to 1.8 GW/year

– Structure Capacity: 200 Tons per Day

• New Manufacturing Lines:

– Cell Manufacturing: 500 MW/year

– Wafers Manufacturing: 500 MW/year

• Sales Network

– Channel Partner Network in India and other emerging markets

• Projects as IPP’s

– Up to 5 MW

PV Value Chain: Modules to Wafers Manufacturing

Structures -Tracker/Floating: Partner

with SB Solar and 4C Solar

Module technologies: Merlin, Nishati, OneSun

Storage & Batteries: Continued Innovation and

Partnership

IPP for upto 5 MW’s –Government and Private

PPA’s

Sales Network: Leverage Partner network for all

businesses

Thank You !

Address

602, Western Edge-I, Off. Western Express Highway, Borivali (E), Mumbai 400066, Maharashtra, India

Phone

+91-22-6644 44441800 2121 321

Email & Website

waaree@waaree.comwww.waaree.com