Waaree Renewable Technologies Limited announce a Long Form Heads of Agreement (LFHOA) with 5B Industries PTY LTD, an innovative solar solution company, to accelerate the deployment of utility-grade solar power locally in India as well as in international markets with a US-compliant supply chain. The collaboration will open avenues for the commercialization of the innovative 5B Maverick solar product, allowing for localization, scalable production, and competitive deployment in India, with the aim of supplying to both local and international developers as well as EPC companies. The primary objective of Waaree RTL and 5B in terms of developing the supply chain is to reduce the build cost of Maverick Blocks, aiming for an economically competitive price point in India.

Simultaneously, they endeavour to ensure adherence to best practices aligned with standard market norms. The collaboration underscores Waaree RTL's dedication to pioneering solar innovation, enhancing deployment efficiency, and fostering a sustainable future. The 5B Maverick technology, under trial for the next year, is aimed at revolutionizing the solar landscape, making installations 10X faster, more cost-effective, and easier to maintain.