Renewable Energy Equipment Businesses for Sale and Investment Opportunities in Asia

Waaree Energies Limited was founded 35 years ago, with its headquarters in Mumbai, India. Waaree has India's largest aggregate installed capacity of 12GW as of last year at its plants in Chikhli, Surat, Tumb, and Nandigram in Gujarat and is a top player in the solar module export for this fiscal year. As of last year, the total number of Franchisee of Waaree was 407 in India and 20 outside India. The company has supplied more than 6GW of solar modules and commissioned more than 1.1GW solar EPC projects.

An increase in the levelized cost of energy (LCoE) due to the depletion in solar tariffs worldwide has created some sense of fear in the minds of solar power developers. To make it commercially competitive, the only way forward is to maximize yields and improve their IRR. The only way forward for higher yield is to use solar PV tracking technology to harness the sun to its full potential. The existing tracking systems are single-axis tracker (SAT) and dual-axis tracker (DAT), unfortunately, both are not too effective. The SAT has shortcomings in design and the DAT is too expensive to be economically viable. Critically analyzing the market demand, we have innovated a new & enhanced solar tracking technology that disrupts the existing single-axis tracker. It overcomes the inherent design disadvantage of the single axis, thereby offering a near dual-axis tracker performance, at the cost equivalent to a single-axis tracker. Key features of our innovation are: - Rotates solar modules in two different directions, unlike the SAT. - The angle of incidence of the sun's irradiation on the module is always close to perpendicular at all times and in all seasons of the year, whereas the angle of incidence in a single-axis tracker is effective only during the summers. - The performance recorded is 2x to 3x over SAT at any location on the globe. This results in a tremendous improvement in the project IRR. - The 2-Axis Tracker has an ideal design advantage for bifacial solar modules. - 2-Axis Tracker is so versatile, that the same can be converted to a horizontal & tilted single-axis tracker by deactivating N-S movement. - Innovation is the next-generation technology, which replaces and overcomes existing SAT technology. - The design is jointly developed with IIT-Delhi and incubated in their premise. According to Fortune Business Insights, the global solar tracker market size was USD 9.30 billion last year and is projected to reach USD 22.33 billion in the next 6 years, growing at a CAGR of 20.78%. - Between the next three years, global annual solar installations will average 135 gigawatts. - Meanwhile, the global tracker market will see a 45 percent increase in installations for the next 2 years. - The promoter of the company has 8 years of rich experience in the solar industry with various verticals in the same domain. - Granted patents for India, USA & Canada. Pending for 30+ countries in EU & UK. - Executed 6 MW in a 2-axis tracker and prospect base of over 150 MW. - We hire on a need basis.

- Pan-India online sales with a scalable, lean model for growth. - Revenue is directly proportional to the online marketing spend. - Main customers are solar power installers and DIY installers. - Pan-India sales with most orders being from Kerala, Maharashtra, and Andhra Pradesh. - The main channel for sales is our own website while the Amazon store also brings in some sales. - Daily visitor count: 2,000. - Daily orders: 20-30. - Average order value: INR 3,000. - Registered and fully compliant business.

- Top distributors and dealer of all the top brands of solar products from initials to the end stage based in Hyderabad, Telangana. - We are already working with 3-4 sales partners. - We are the sole distributors of solar panels for companies like TATA, WARE, and Indigo. - We distribute to 1,000+ clients in Telangana.

- We are a company with a presence in the fire safety and solar power industry. - We have an online marketplace for solar products. This is a B2B & B2C marketplace with a pan-India presence and 40k monthly website visitors. - We have also completed 50+ fire safety projects in Bangalore, Hyderabad, Delhi, and Mumbai. - The investor will get a stake in this private limited company. - The funds will help us grab big-ticket projects.

- Served more than 10 clients including Kirloskar, Plaza Solar etc. - The factory was commissioned very recently and did sales of INR 80 lakh last year. - We are incubated at IIT Mandi and IIM Calcutta and have business relations with Kirloskar, Sterling n Wilson, Priyagold, NTPC, SAIL, Eastman Solar etc. - We have a separate RnD unit under which we design, innovate and market new-age solar products which are being sold to Indian Army, Indian Railways, CSIR research labs, BARC, ISRO etc. - We have more than 7 years of solar industry experience as our other unit was doing solar EPC for giants like Neolite Industries, SAIL, Haryana police, NHPC, Airport Authority of India, BSF, NALCO etc. - The business has sold units worth INR 1.45cr to date. - The business has 5-6 active clients. - We have an annual production capacity of 80MW per annum which can produce a revenue of INR 200cr. - The business is registered in Kanpur, but it is headquartered in Noida housed in a corporate building at a prime location.