Waaree inks ₹1,500 crore agreement for 586 MW solar module supply in US
New Delhi:
Waaree Solar
Americas Inc., a wholly owned subsidiary of Waaree Energies Limited, has signed a $176 million (approximately ₹1,500 crore) solar module supply agreement with a leading US-based independent power producer.
The agreement covers the supply of 586 MW of
solar PV modules
, which will be manufactured at Waaree's facility in Brookshire, Texas. The modules are scheduled for delivery during FY 2026–27 and will be used across four projects.
According to the company, the modules will incorporate domestically manufactured components, meeting the domestic content requirements under the
Investment Tax Credit
(ITC) guidelines in the US.
'This agreement reflects Waaree's unwavering commitment to building a resilient, robust, and technologically advanced clean energy supply chain in the United States,' Sunil Rathi, President, Waaree Solar Americas, said.
'In a landscape marked by shifting trade dynamics and an increasing emphasis on domestic manufacturing, our Brookshire facility stands uniquely equipped to meet market demand with high-quality, U.S.-made modules. This milestone not only underscores global confidence in Waaree's quality and reliability but also bolsters America's energy transition, enhances job creation, and strengthens long-term energy security," he said.
He further added, 'Our collaboration reflects a mutual commitment to advancing America's energy security objectives through a resilient domestic supply chain, supported by Waaree's extensive manufacturing expertise developed over decades in India. We are proud to contribute to our partner's ambitious project pipeline with our high-performance solar modules."
Waaree Energies is India's largest solar PV module manufacturer and continues to expand its footprint in international markets through such strategic agreements.
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