Waaree Energies Launches $514M IPO in Green Boom

Waaree Energies Ltd., India’s largest solar-panel manufacturer, is set to open its $514 million IPO, valuing the company at $5 billion. Supported by major investors like Goldman Sachs and Morgan Stanley, this move aligns with India’s ambition to reach 500 gigawatts of renewable energy by 2030. However, challenges remain, including high leverage and reliance on thermal power.

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