By Enersider Desk | New Delhi
In a major development for renewable energy news in India, leading solar panel manufacturer Waaree Energies, has bought a majority 64% stake in the transformer manufacturing company Kotsons Private Limited. The deal, worth approximately ₹192 crores, positions Waaree to provide a more complete range of energy solutions.
Based in Alwar, Rajasthan, Kotsons has over 40 years of experience in building transformers. A key advantage of this acquisition is Kotsons’ UL certification, which allows Waaree to immediately begin exporting these transformers to major markets like the USA and Canada. The investment will be used to increase Kotsons’ manufacturing capacity to produce larger, more powerful transformers needed for modern infrastructure.
This acquisition is significant for power sector news in India as it enables deeper vertical integration.The demand for transformers is surging, driven by new technologies like electric vehicle charging stations, data centers, green hydrogen projects, and the expansion of the 5G network.
For Waaree’s customers, this means they can now get both solar panels and efficient, internationally certified transformers from a single source. This integration ensures more reliable energy projects, faster completion times, and solutions that meet strict global standards.
Commenting on the acquisition, Waaree’s Chairman, Dr. Hitesh Doshi, stated that transformers are a critical link for connecting solar power to the grid. He explained that this step is a natural part of Waaree’s mission to be a full-spectrum energy solutions company, covering power generation, transmission, and distribution. This acquisition strengthens Waaree’s vertical integration and significantly boosts its export potential, bringing it closer to its goal of being a leading global energy provider.
