Latest news with #Waaree
Yahoo
2 days ago
- Business
- Yahoo
Waaree Solar Americas Signs 586 MW Module Supply Agreement with Leading U.S. IPP, Secures $176 Million (INR 1500 Cr) Order
MUMBAI, India and BROOKSHIRE, Texas, May 30, 2025 /PRNewswire/ -- Waaree Solar Americas Inc., the wholly owned U.S. subsidiary of Waaree Energies Limited, India's largest solar PV module manufacturer, has announced the signing of a significant 586 MW solar module supply agreement with a leading U.S.-based independent power producer. Valued at USD 176 million (approx. INR 1500 crore), this landmark project represents a major milestone as Waaree continues to expand its strong presence in the US solar market. The modules will be manufactured at Waaree's state-of-the-art facility in Brookshire, Texas, and are scheduled for delivery during FY 2026–27 across four projects. These modules will leverage several domestically produced components, aligning with the Investment Tax Credit (ITC) guidelines for domestic content requirements and reinforcing the resilience and reliability of the U.S. clean energy supply chain amidst evolving trade and energy policies. "This agreement reflects Waaree's unwavering commitment to building a resilient, robust, and technologically advanced clean energy supply chain in the United States," said Sunil Rathi, President, Waaree Solar Americas. "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 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." This partnership highlights Waaree's strategic positioning as a highly dependable global PV module manufacturer with a dynamic and resilient supply chain strategically positioned to mitigate trade risks and ensure supply continuity. As US energy demand continues to surge, driven notably by advancements in AI infrastructure and industrial growth, Waaree remains dedicated to supporting its clients and partners by delivering scalable, high-quality clean energy solutions. For Further Information, Please Contact :Manasi Patni – manasipatni@ Photo - View original content to download multimedia: SOURCE Waaree Solar Americas Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
3 days ago
- Business
- Business Standard
Waaree secures $176 million deal to supply 586 MW solar modules in US
Waaree Energies on Friday said it has signed a USD 176 million agreement with a US-based independent power producer to supply 586 MW solar modules. The modules will be manufactured at Waaree Solar Americas' facility in Brookshire, Texas, and are scheduled for delivery during FY 202627 across four projects, a company statement said. "This agreement reflects Waaree's unwavering commitment to building a resilient, robust, and technologically advanced clean energy supply chain in the US," said Sunil Rathi, President, Waaree Solar Americas. In January, Mumbai-headquartered Waaree Energies announced starting commercial production of solar modules at its manufacturing facility in the US. Waaree Energies is India's leading renewable energy company having an installed capacity of 15 GW for solar PV modules globally (including 1.3 GW of Indosolar and 1.6 GW in Texas, USA). The company also has 1.4 GW of cell manufacturing facility with an expansion capacity of 5.4 GW. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
3 days ago
- Business
- Time of India
Waaree bags USD 176 mn solar module supply order in US
Synopsis Waaree Energies has secured a USD 176 million deal to supply 586 MW of solar modules to a US-based independent power producer. These modules will be manufactured at Waaree Solar Americas' Texas facility and delivered in FY 2026-27 for four projects. This agreement underscores Waaree's dedication to establishing a strong clean energy supply chain in the US.
Time of India
3 days ago
- Business
- Time of India
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.
Business Upturn
4 days ago
- Business
- Business Upturn
Waaree Energies subsidiary secures $176 million order for 586 MW solar modules in the US
By Aman Shukla Published on May 29, 2025, 13:28 IST Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies Limited, has received a major international order for the supply of 586 MW solar modules, valued at USD 176 million. The order was confirmed on May 28, 2025, and marks a significant milestone for Waaree's global operations. The contract comes from a renowned U.S.-based developer and owner-operator of utility-scale solar and energy storage projects. This one-time order highlights Waaree's growing footprint in the international renewable energy market, particularly in North America. According to the company, the delivery of solar modules is scheduled to commence in the financial year 2026-27, with the supply tailored to meet the specific requirements of utility-scale solar installations. This development underlines Waaree Energies' commitment to providing high-efficiency solar solutions and accelerating the transition to clean energy globally. With this strategic win, Waaree Energies continues to solidify its position as a leading global solar module manufacturer and exporter. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
