Latest news with #WaareeEnergiesLimited
Time of India
30-05-2025
- 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
29-05-2025
- 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
