Mumbai, January 14, 2015 /PRNewswire/ - Waaree Energies Limited, a leading solar PV developer and manufacturer, is developing solar projects of 44 MW AC in Central Japan, under the feed-in tariff with Tokyo Electric Power at 36 Yen per KwH. METI approval has been obtained for these projects and other approvals are being pursued. The projects are scheduled for completion within the next 18 months. Waaree Japan KK had been setup in early 2014 with base in Tokyo for developing the Japan market for project development and PV module sales.

Waaree Japan KK is pursuing a pipeline of 200 MW in Japan for 2015. Japan is a key market for Waaree, India in addition to UK, Americas and Middle East regions.

Waaree is one of India's leading 'multi-technology' companies, headquartered in Mumbai. Founded in 1989, Waaree successfully developed cutting-edge technologies to become one of the most preferred brands in the field of instrumentation. The company's major business lines are solar energy, industrial valves, petroleum equipment and process control instrumentation. Over the years Waaree has rapidly expanded, combining organic growth with selective acquisition policies. The primary objective is to be at the forefront of industrial development by being commercially and technologically advanced.