India's Secret Weapon to counter China’s Solar Dominance? : Waaree Energies | Business Case study

⭐️ Think School’s flagship Communication course with live doubt sessions :

VIDEO INTRODUCTION:
Hi everybody,
The Modi 3.0 govt has made a bold promise for India and that is a commitment to become the 3rd largest economy in the 3rd term of Narendra Modi!! And while most people are extremely excited about it, there is one big big problem for India!! And because of this problem, inflation in India is increasing, we are being bullied by America and Europe and most importantly, our companies are not able to compete in the global market!! And this problem is the Oil dependency problem!!!
And the most straightforward solution to it is obviously renewable energy, which is why the Modi govt tried several policies to boost the Indian solar industry!!
But you know what?? As much as I would love to believe that India could become a superpower, the bad news is that China is dumping in India!!! And as I have consistently stated, India is dangerously dependent on China for Solar materials!!
You don't believe me if you look at this chart, Solar panel production has 43 stages, Polysilicon, Ingot Wafer, Solar Cells, Solar Modules polysilicon, solar cells and solar modules, and China single handedly has an 80% market share in all stages of solar panel production!!!
And China has done such an incredible job that, In January, a research unit of the European Commission calculated that Chinese companies could make solar panels for 16 to 18.9 cents per watt of generating capacity, whereas European companies cost 24.3 to 30 cents per watt, and U.S. companies about 28 cents!! So a Chinese module is 50% cheaper than Europe and 65% cheaper than US!! This is why not just India but even the US and Europe are dependent on China!!
But you know what guys?? There is one big piece of good news here!!
While going through my research I found that there is one Indian company that is finding ways to break this monopoly of China!! And, soon this company is planning for the biggest IPO in the entire renewable energy industry!! And if successful this company could be our brahmastra to Challenge the Chinese dependency!! Why? Because if you look at this graph, while Adani solar has a capacity of 4GW, Vikram solar stands at 3.5 W whereas this company alone stands at 13.35gw!! So it has 3 times the capacity as that of Adani’s solar!! Similarly, in FY23 while revenue growth of Adani’s Mundra was -12%, Vikram Solar was -7%, Websol energy solutions was -92%, and for Tata power it was -19%, whereas for this company it stood a positive revenue growth of 136%!! And a 538% growth in its net profit
This company is not an Adani or reliance or Tata company but a Unique sounding company called Waaree Energies!!!
So the question is?
When the entire world is dependent on China, how is this Indian company trying to beat china?
How are they so far far ahead of the Tatas and Adinis of India?
What is their business strategy that makes them India’s brahmastra to the Chinese domination and most importantly, what are the business lessons that we need to learn from the incredible rise of Waaree energies?

Our Best Indian Business Case Studies:

✅Study Materials:

Think School is a Digital School that we all deserved, but never had

#thinkschool #businesscasestudy #geopolitics #solar #india

Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost.

[IitNit-gkhb]

I am proud that Waaree energy is investing 25000 cr for solar manufacturing in my district Dhenkanal, Odisha.

[Laxmanca]

After understanding china's 2009 decision.
It's also opportunity, Today for us to grow in nuclear power sector our government also focus on advancing nuclear power technology and producing electricity and manufacturing of its elements.

[dushyant]

While Waaree Energies is making significant strides, 70% of their raw materials still come from China. This dependency puts Waaree at risk if China were to impose export restrictions or price manipulations. The Chinese dominance in polysilicon production (83% globally) remains a major challenge, and building a fully independent Indian supply chain will take significant time and investment.

[sujaynis]

The U.S. does the same, they impose tariff rates of 100% on China-made electric vehicles.

[jigarparmar]

I work at Waaree Electricals in Gujarat 💯 . It is Asia's no - 1 in vertically insulated sonar panel distribution and I am soo soo proud of it .

[nehegavshdb]

I am from computer science field, this is very isolated sector. It is good to see content related to other sectors.

[vishwasbalkundi]

There's no Thinkschool's episode without palki sharma😂😂

[rcbforever]

Manufacturing is the key for growth in India. Not only in solar, through out all sectors.

[tvssgcharan]

SEEMS LIKE A VIDEO ON WAAREE ENERGY THAN SOLAR SUPPLY CHAIN IN

[vijaykumarr]

WE SHOULD SUPPORT BJP AND MODI GOVERMENT FOR INDIA'S GROWTH 📈📈📈

[ParthAmrutenergy]

I am a professional working in the solar industry. Upon reviewing the data, you will find that Waaree is currently the largest importer of solar PV modules.

[saibhargavvelisetty]

India is excessively dependent on China in Pharmaceutical Industry also. Please make a video on it sir.

[shubhamrawat-sjbo]

Today India's biggest problem is Justice and education( higher education). We need reforms in both sector and State and center needs to work together for this. I really hope before modi's period ends there will be something in these sectors.

[CA]

did he say 70% of this company's product is imported from China, so we are still living in a joke

[knowledgeseeker]

For 60years, our leaders never had a futuristic vision for India.. 🤷‍♂️

[ShubhamSinghBelhari]

I'm incredibly proud to share that my chacha is the Chief Sustainability Officer (CSO) of Waaree Group, and he is truly an inspiration for all of us in our family. Knowing him, you can rest assured that Waaree has a bright and sustainable future ahead. His journey, from where he started to where he is now, mirrors the incredible growth story of India itself. I am so proud and happy to see his dedication and hard work come to fruition!

[snownotwhite]

What a coincidence! Today I was researching about energy related companies in India.

[saiteja]

Your videos are becoming more valuable every day. You've poured your heart and soul into scripting and explaining them to us. I'm so hooked that I can't imagine a day without watching your content.

[rockred-jd]

Beautiful PPT and presentation, ladies and gentlemen. That is why American hires Indians to be their CEOs.

[pravindahiya]

10 years ago Waaree was producing 2 GW solar modules, there were only two players touching 500 MW = 0.5GW.
But the main component - solar cells - they were importing from China like everyone else.
Even though Tata solar was manufacturing solar cells but the capacity was small & they were also importing from China.
Adani has started producing Silicon ingots in 2023 - that is a BIG thing.