Latest news with #WaareeSolarAmericasInc.
Time of India
11-06-2025
- Business
- Time of India
Waaree Solar Americas signs 599 MW module supply agreement with US power firm, to expand Texas plant to 3.2 GW
New Delhi: Waaree Solar Americas Inc., the US subsidiary of Waaree Energies Ltd, has signed a 599 MW solar module supply agreement with a US-based independent power producer, with the modules scheduled to be delivered from its Brookshire, Texas facility in the 2026 calendar year. The company, part of India's largest solar PV module manufacturer Waaree Energies, will produce the modules at its existing Brookshire facility, which is also set for a major expansion. The deal adds to Waaree's commercial momentum in the US, where the company secured more than 1.2 GW of new orders in the first quarter of FY25-26. 'This agreement is a strong testament to Waaree's commitment to developing a robust, US-based clean energy ecosystem ,' Sunil Rathi, President, Waaree Solar Americas, said in a statement. To meet rising demand, the company is establishing an additional 1.6 GW solar module manufacturing line at the same facility, which will take its total US capacity to 3.2 GW before the end of 2025. According to the company, demand from AI data centers , infrastructure upgrades, and industrial electrification is driving expansion in the US solar market. 'Our Brookshire facility is uniquely positioned to meet rising demand with high-quality, American-made modules, helping our partners deliver on ambitious energy targets while creating jobs and ensuring supply security,' Rathi said. The Brookshire manufacturing facility was set up to align with local content requirements in the United States and enable faster supply for utility-scale and commercial and industrial solar projects. Waaree Energies Ltd is a vertically integrated solar module manufacturer with significant capacity in India and growing international operations, including supply contracts across North America and other regions.
Yahoo
30-05-2025
- 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
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.
