Waaree Energies, India's largest solar equipment maker, is pursuing acquisitions and potential capital raises to expand its presence across the green energy value chain. The company aims to diversify beyond solar modules into areas like transmission, distribution, batteries, and electrolyzers. This strategy is driven by increasing competition and consolidation in the solar manufacturing sector. Waaree has already made acquisitions in transformers and smart meters and plans significant capital expenditure to become a comprehensive energy transition provider.