WAAREE ENERGIES LIMITEDBRIEF INTRODUCTION & CREDENTIALS

Corporate Profile

ABOUT WAAREE ENERGIES

1989-1997 1997-2007 2007-2011

2011-2013 2013-2014 2014-2018

• 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 MiniRatnacompany for 100MW project

• Module Manufacturing capacity upfrom 110 to 250 MW

• Expanded capacity from 250 MW to 550 MW

• Expanded Capacity to 1.5 GW andheaded to 2 GW

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

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 SERVICESENERGY STORAGE

SOLUTIONSROOF TOP

SOLUTIONS

FRANCHISEE NETWORK

SOLAR WATER PUMP

SOLAR PRODUCTS

SOLAR PARK DEVELOPER

& IPP

SOLAR THERMAL

OUR SERVICES

SOLARINVERTER

INDIA’S NO. 1 SOLAR COMPANY

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

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

…More than 100 awards

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

Power Developer

Awarded by Renewable and Power minister for National Excellence in Solar PV Module Manufacturing

2013: Awarded prestigious India SME Excellence Award for "Excellence in

Technology & Innovation"

2012: ETNOW – IndiaMART Leader of Tomorrow Award, India's biggest SME Awards

Awarded by President of India for “Best Company in Medium & Small Sector”

Submitting certificate of commitment to Prime-minister of India

MANUFACTURING CAPABILITIES

STATE OF THE ART MODULE MANUFACTURING PLANT

State of the Art, Module

Manufacturing Facility, with the

capacity of1.5 GW, and Marching

towards 2 GW

1000 MW - Vapi500 MW - Surat

CERTIFICATIONS OF MODULES

Successful Audits and Certification From

FitchnerSrl, Italy

Black andVeatch, USA

ICIMItaly

MCSUK

Enel,Italy

ISO 9001:2008 l ISO 14001:2004 l OHSAS 18001:2007IEC 61215 l IEC 61730-1&2 l IEC 60068-2-68 l IEC 61701 l IEC 62716 I IEC 62804 I UL1703

ROHS Compliance | REACH Compliance

IECEEAus

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%.

High conversion efficiency based

on leading innovative

photovoltaic technologies.

High reliability with guaranteed

0~+4.99 Wppower output

tolerance, ensuring best

ROI.

Withstands high wind-

pressure 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.

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 30MW KRK Holding Turkey 2017

6 15 MW Monosteel India 2012

7 14 MW KREN Invest B.V Netherlands 2013

8 11.37MW EZE INSAAT A.S. Turkey 2017

9 10 MW Atersa UK 2016

10 10 MW Thermax India 2016-17

11 8.11MW IHK Holding A.S. Turkey 2017

12 5 MW Military Engg Services India 2016-17

13 5 MW Wipro, Dadri India 2012

14 5 MW Sacchi Giuseppe SPA Italy 2011

15 5 MW ESPE SRL Italy 2014

16 3.5MW Tuncmatik Elektrik Turkey 2017

17 2.3MW Hepsen Enerji A.S. Turkey 2017

18 2.3MW Linuo Europe GmbH Germany 2017

19 2.5 MW Enel Green Power Italy 2013

20 2MW KEC India 2016-17

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

SPECIALIZED APPLICATION: RUGGED & LIGHTWEIGHT MODULE FORM FACTORS

Rugged Modules Portable Solutions

Merlin Features

• Maintains module integrity

• Resistant to arcing at fatiguedlocations

NEW TECHOLOGY: AC MODULES

Features

• Highest Redundancy type of architecture– no single point failure.

• More optimised power tracking (Higher generation than string inverters as each panel has independent MPPT. )

• DC wiring is eliminated, AC wiring is standard. • Monitored at panel level which helps to keep the O&M

planned and minimal.• Lasts the life of the PV plant, 10 year warranty; no need to

replace.• Least effect of moving shadow(s) on the system. • Lower life cycle cost of the system compared to any other

architecture. • HIGH safety due to low AC voltage of just 230/415 volt.

AC MODULES

EPC CAPABILITIES

Project MaintenanceInfrastructure Planning

And DevelopmentBusiness 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 75 Leading Utility Company Surat, Gujarat Commissioned

2 50 Waaneep Solar Madhya Pradesh Commissioned

3 44 Hero Future Energies Telangana Under Execution

4 40 Adani Power (Design) Gujarat Commissioned

5 27.5 Roha Dyechem Rajasthan Solar Park Commissioned

6 25 Waaneep Solar Andhra Pradesh Commissioned

7 23 Maharashtra Seamless Rajasthan Commissioned

8 22 Roha Dyechem Maharashtra Under Execution

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

FULL SERVICE PLUG-N-PLAY MODEL OF DEVELOPMENT

LAND CLUSTERS

EXECUTIVE SUMMARY

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

High Insolation ShovelReadyLand

33 kV Double Circuit LineCommissioned & Charged

High Insolation ShovelReadyLand

33 kV DoubleCircuit

Transmission Line

Location District Akola, Maharashtra

Connectivity MSETCL 132/33 kV Substation

Park Capacity 30 MW ACGHI (Indicative) 1882 KWh/m2

Present status

LocationDistrict 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

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

• We have already installed 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

Solar Modules InvertersMounting Structure

Civil & Electrical

Works

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

Project Capacity (kW) Project Capacity (kW)

Reliance Metro, Mumbai 2400 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 100Haryana 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 PRODUCTS

WAAREE SOLAR PUMP SYSTEM

Applications Salient Features & Benefits

• 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

•

•

•

•

•

•

•

Easy & low maintenance

High life expectancy

Central & state govt. subsidies

Under & over voltageprotection

Versatile applications

Reverse polarity & dry run protection

Start working from early in morning to lateevening

• No electricity

• No dependency on any other fuel or conventional sources

• Use solar & get reliable water supply

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

• Multiple monitoring & communication

• 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

That Delivers

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

That Delivers

Inverter Series : Three Phase

Range 4 -75 kW

WAAREE SOLAR INVERTERS

ENERGY STORAGE

LMLA Tubular Batteries (Inverter Tubular & Solar Tubular)Waaree Tubular Batteries are specially developed to suit Indian Market which requires quick charge acceptance and frequent deep discharge duty.

FEATURES:1. Rugged tubular positive plate construction with PDC grid spine for long life2. Ultra low maintenance3. Suitable for frequent cyclic duty under PSOC condition4. Supplied in ready to use factory charged condition5. Excellent deep discharge capability6. Very low self discharge rate under storage7. Superior Ampere-hour and Watt-hour efficiency8. Meets IS-13369 & IEC 61427 specification with latest amendments

WAAREE AGM VRLA Battery (sVRLA Series)The State of the Art Designed Small VRLA Batteries by Waaree are suitable for Most Critical Applications & challenging work environment.

FEATURES:

1. Maintenance Free & Non-spillable sealed construction.

2. Excellent deep discharge recovery and charge acceptance characteristics.

3. Low Internal Resistance ensures quick power delivery.

4. Higher Gas Recombination Efficiency ensures maintenance free operation and long service life

5. High purity raw material ensures low self-discharge and long shelf life characteristics

6. Manufactured in state- of- the art facility with all major QMS certifications.

7. Dedicated After -Sales Service Network and support pan India.

ENERGY STORAGE

Waaree Li-Ion Battery Packs

Customized Battery Packs with High Precision BMS & Automated Robust Assembly with Hi-grade Cells.

FEATURES

1. Lightweight & Small in Size2. Very long service life compared to Lead-acid battery.3. Fast Charge – Discharge with Large Current4. Wide Operating Temperature.5. No Memory Effect6. Long Storage Life7. No Maintenance Required.8. Customizable shape & size9. Efficient Battery with True Capacity.10. Supports RS232, RS484 & other cloud management platforms.

PRONTO - DO IT YOURSELF KIT (1KW - 5KW) & Batteries

Features

• Quick Installation - 1KW can be installed in 30 min.• Qualified material, suitable for tender and Gov. projects.• Reduced purchase time.• Least man power requirement - only 2 people required• Optimum design for maximum power generation• Waaree’s latest easy to install solar module mounting

structure. Limited to 3 components per structure set.• No penetration on the surface for structure installation• Inverter with latest MPPT technology with remote

monitoring

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• 5 LED Bulbs, FM Radio• Charging by Solar

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

FRANCHISEE NETWORK

280+ Franchisees Across India

• Opportunity to associate with strong solar brand and only organized player in solar franchisee

• Latest technology & Quality products • Large range of product mix- Single stop solar

solutions under one roof• Competitive price and better margins • Strong pre & post sales and marketing support• Training from expert technical and sales

professionals to the franchisee's team

WHY WAAREE

KEY STRENGTHS IN SOLAR

Network: Strong and proven network with

all stakeholders/authoriti es with more than a decade of experience

Innovation: Consistent

introduction of new technologies and

innovative products & solutions

Customer Connect : Strong Customer Base of Respected

Industrial Houses/Companies

Market Acceptance: Proven name and

quality at competitive rates in national and international markets

On-Ground Track Record: Large

installations with long and proven on-

ground performance

In-house Team: Experienced & strong

team with proven performance in solar

Quality Certification: All required

approvals andcertifications for

modules

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: 500MW/year

Continued Innovationand• Sales Network

– Channel Partner Network in India and other emergingmarkets

• Projects as IPP’s

– Up to 5 MW Sales Network: Leverage Partner network for all

businesses

IPP for upto 5 MW’s –Government and

Private PPA’s

Storage & Batteries:

Partnership

Module technologies: Merlin, Nishati, OneSun

Structures -Tracker/Floating: Partner with SB Solar and 4C

Solar

PV Value Chain: Modules to Wafers Manufacturing

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