Waaree Solar Americas secures $176m deal to supply 586MW solar modules in US.

From Yahoo Finance: 2025-06-02 10:22:00

Waaree Solar Americas, a subsidiary of Waaree Energies, secures a $176m solar module supply deal with a US-based IPP. The 586MW modules will be made in Texas and delivered in 2026-2027 for four projects, meeting ITC guidelines with US-made components. The agreement strengthens the US clean energy supply chain.

Waaree Solar Americas president, Sunil Rathi, highlights the company’s commitment to building a resilient clean energy supply chain in the US. The deal enhances job creation, strengthens energy security, and supports America’s energy transition. The agreement aims to bolster the US clean energy supply chain’s resilience amidst changing trade and energy policies.

As US energy demand rises, Waaree plans to focus on scalable, clean energy solutions. The company’s strategic approach positions it as a dependable global PV module manufacturer with a resilient supply chain to mitigate trade risks. Waaree aims to continue contributing to America’s energy security objectives through a domestic supply chain.

In January 2025, Waaree Energies acquired Enel Green Power India. The collaboration with Enel Green Power Development further solidifies Waaree’s presence in the renewable energy sector. The company continues to expand its operations globally, focusing on delivering high-performance solar modules to support sustainable energy initiatives.

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