Waaree Energies files FY26 BRSR detailing GHG emissions and water usage

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Waaree Energies filed its FY26 BRSR with BSE and NSE on September 2, 2026
  • Scope 2 emissions totaled 2,47,886.65 metric tons of CO2e, dwarfing Scope 1
  • Total water withdrawal reached 22,78,757 kiloliters, primarily from groundwater
  • Bureau Veritas provided independent assurance for the sustainability report
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Waaree Energies filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with the Bombay Stock Exchange and National Stock Exchange on September 2, 2026. The report covers environmental performance metrics including greenhouse gas emissions and water consumption.

The disclosure was made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bureau Veritas (India) Private Limited provided independent reasonable and limited assurance for the report.

Environmental Metrics

Waaree Energies reported total Scope 1 emissions of 339.74 metric tons of CO2e for the financial year. Scope 2 emissions stood at significantly higher levels, totaling 2,47,886.65 metric tons of CO2e. The combined GHG emission intensity was recorded at 1.182 metric tons of CO2e per million of turnover.

Metric Value Unit
Total Scope 1 Emissions 339.74 Metric Tons of CO2e
Total Scope 2 Emissions 2,47,886.65 Metric Tons of CO2e
GHG Intensity (Turnover) 1.182 Metric Tons of CO2e per Million Turnover
GHG Intensity (Production) 0.00002523 Metric Tons of CO2e per Wp

Water Usage

Total water withdrawal for FY26 amounted to 22,78,757 kiloliters. Groundwater constituted the primary source, accounting for 22,73,145 kiloliters of the total volume. Third-party water contributed 5,612 kiloliters, while surface water, seawater, and other sources registered zero withdrawal.

Water consumption intensity was reported at 10.856 kiloliters per million rupees of turnover. On a production basis, the intensity stood at 0.0002316 kiloliters per watt-peak (Wp) of product produced.

Water Metric Value Unit
Groundwater Withdrawal 22,73,145 Kiloliters
Third-Party Water 5,612 Kiloliters
Total Withdrawal 22,78,757 Kiloliters
Intensity per Turnover 10.856 KL per Million Rupee
Intensity per Production 0.0002316 KL per Wp

What the Numbers Show

Scope 2 emissions dominate the company's carbon footprint, representing over 99% of total Scope 1 and Scope 2 emissions combined. This indicates that indirect emissions from purchased energy are the primary driver of the company's environmental impact profile, rather than direct operational emissions.

Historical Stock Returns for Waaree Energies

1 Day5 Days1 Month6 Months1 Year5 Years
-0.42%-2.46%-4.10%-2.77%-19.66%0.0%

What specific renewable energy procurement strategies is Waaree Energies implementing to reduce its dominant Scope 2 emissions in FY27?

How does the company plan to diversify its water sources to mitigate the risks associated with relying on over 99% groundwater withdrawal?

Will Waaree Energies commit to Science Based Targets initiative (SBTi) goals to address its high GHG intensity per watt-peak?

Waaree Energies Latest Results: FY27 EBITDA target set at ₹7,000-7,700 crore

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Waaree Energies has set an operating EBITDA target of ₹7,000-7,700 crore for FY27
  • The company aims to achieve a module manufacturing capacity of 29 GW
  • Both targets reflect the company's stated growth ambitions in the solar energy segment
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Waaree Energies has set an operating EBITDA target of ₹7,000-7,700 crore for FY27 and aims to scale its module manufacturing capacity to 29 GW.

Key targets at a glance

The following table summarises the key financial and operational goals disclosed by Waaree Energies.

Parameter Target
Operating EBITDA (FY27) ₹7,000-7,700 crore
Module manufacturing capacity 29 GW

Operating EBITDA and capacity goals

Waaree Energies has outlined an operating EBITDA range of ₹7,000-7,700 crore as its FY27 goal. Alongside this financial target, the company aims to reach a module manufacturing capacity of 29 GW, reflecting its stated ambitions in the solar energy segment.

Historical Stock Returns for Waaree Energies

1 Day5 Days1 Month6 Months1 Year5 Years
-0.42%-2.46%-4.10%-2.77%-19.66%0.0%

What specific capital expenditure plans or financing strategies will Waaree Energies employ to fund the expansion to 29 GW of module manufacturing capacity?

How does the ₹7,000-7,700 crore EBITDA target align with current solar module pricing trends and potential margin pressures from global oversupply?

Which geographic markets will primarily drive the demand for Waaree Energies' expanded 29 GW capacity in FY27?

More News on Waaree Energies

1 Year Returns:-19.66%