Latest news with #WaareeEnergies
&w=3840&q=100)
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.
Business Standard
3 days ago
- Business
- Business Standard
Waaree Energies' arm wins order worth USD 176 million
For supply of 586 MW solar modulesWaaree Solar Americas, a wholly owned subsidiary of Waaree Energies has received an order on May 28, 2025 for supply of 586 MW solar modules for an amount of 176 Mn USD from a renowned customer who is a developer and owner operator of utility scale solar and energy storage projects across the United by Capital Market - Live News
Business Standard
4 days ago
- Business
- Business Standard
Waaree Energies jumps as U.S. subsidiary secures $176 million solar module order
Waaree Energies surged 6.69% to Rs 2,984 after the company announced that its wholly owned subsidiary, Waaree Solar Americas, has secured an order worth $176 million from a prominent U.S.-based client. According to an exchange filing, Waaree Solar Americas received the order on 28 May 2025 for the supply of 586 MW of solar modules. The customer is a well-established developer and operator of utility-scale solar and energy storage projects across the United States. The delivery of solar modules under this contract is scheduled to commence in the financial year 202627. The company clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, the promoter group, nor any group companies have any interest in the awarding entity. Waaree Energies is the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 15 GW for solar PV modules and 5.4GW for solar cells. With presence across India and 25+ countries worldwide, we offer innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. The company reported 34.10% surge in consolidated net profit to Rs 618.91 crore in Q4 FY25 as against Rs 461.52 crore posted in Q4 FY24. Revenue from operations climbed 36.38% year on year (YoY) to Rs 4,003.93 crore in the quarter ended 31 March 2025.
&w=3840&q=100)
Business Standard
23-05-2025
- Business
- Business Standard
Why did Waaree Energies, Premier Energies stock slip up to 11% in trade?
Waaree Energies and Premier Energies share price slipped up to 11 per cent in trade on Friday, May 23, 2025. The clean energy stocks were under pressure after the US passed the new tax bill that aims to rollback clean energy subsidies introduced during former President Joe Biden's tenure. At 10:28 AM, Waaree Energies shares were down 8.53 per cent at ₹2,741 per share on the BSE and Premier Energies shares were down 4.4 per cent at 1,035.75 per share. In comparison, the BSE Sensex was up 0.769 per cent at 81,508.74. What does the new US bill propose? The US Tax bill was narrowly passed with a vote of 215–214, as all Democrats opposed it, joined by two Republican lawmakers. A third Republican voted "present," underscoring the sharp divisions within the Republican Party on matters of fiscal responsibility and debt policy. The bill includes tax cuts, military and border enforcement funding, and a sharp crackdown on immigration, along with the rollback of clean energy subsidies introduced during President Joe Biden's tenure. The bill proposes to: Extend 2017 Trump-era tax cuts for individuals and businesses Introduce new tax breaks on tips and car loans. Eliminate clean energy incentives created under the Biden administration Tighten eligibility for health and food aid programmes. Fund mass deportation infrastructure, targeting up to 1 million removals annually. Add tens of thousands of new border guards and immigration enforcement agents. ALSO READ: US House approves Trump's tax bill amid debt worries, adds $3.8 trn to debt However, concerns are raised about the bill, as it is likely to add $3.8 trillion to America's already surging national debt over the next decade, according to the Congressional Budget Office (CBO). The debt currently stands at $36.2 trillion, or 124 per cent of US gross domestic product (GDP). ALSO READ | According to the CBO, the United States spent one out of every eight dollars on interest payments last year — more than its military expenditure. This proportion is expected to increase to one in every six dollars over the coming decade. Moody's ratings have already raised concerns and downgraded the United States' sovereign rating, citing unsustainable deficit levels and long-term structural debt risks.
