Waaree Solar Americas Completes $176 Million Solar Module Deal with U.S. IPP
Waaree Solar Americas Completes Major Solar Module Supply Agreement
On May 30, 2025, Waaree Solar Americas Inc., a subsidiary of India's largest solar PV module manufacturer, Waaree Energies Limited, revealed a significant agreement with a prominent U.S.-based independent power producer. The deal, valued at a remarkable $176 million (approximately INR 1500 crore), involves the supply of 586 megawatts (MW) of solar modules. This marks a pivotal moment for Waaree as it strives to enhance its foothold in the competitive U.S. solar energy sector.
Manufacturing in Texas
The solar modules will be produced at Waaree's technologically advanced facility located in Brookshire, Texas. Delivery of these modules is anticipated during the fiscal year 2026–27, aligned with four upcoming projects. Notably, the modules will incorporate domestically produced components, adhering to the Investment Tax Credit (ITC) guidelines that emphasize domestic content. This strategy is pivotal, especially in the context of evolving trade policies and the necessity for a reliable and resilient clean energy supply chain within the United States.
Sunil Rathi, President of Waaree Solar Americas, stated, "This agreement demonstrates Waaree’s commitment to fostering a robust and technologically advanced clean energy supply chain in the U.S." He further emphasized the unique capabilities of the Brookshire facility in responding to market demands by providing high-quality modules manufactured in the United States.
Advancing Energy Security
Rathi elaborated on how this partnership aligns with broader objectives of enhancing U.S. energy security through establishing a reliable domestic supply chain. Waaree’s extensive manufacturing experience, which has been honed over decades in India, positions the company as a highly credible global PV module manufacturer. This collaboration is a testament to Waaree's commitment to contributing to significant energy projects with high-performance solar modules.
As the demand for clean energy escalates in the U.S., primarily driven by advancements in infrastructure and industrial growth, Waaree Solar Americas is dedicated to supporting its clients and partners by providing scalable and quality clean energy solutions. This partnership not only underscores Waaree's strategic vision but also enhances job creation and long-term energy security in the United States.
Overall, this landmark agreement signifies a bright future for Waaree Solar Americas in the U.S. solar market, a space characterized by heightened demand and innovative technologies aimed at achieving a sustainable and clean energy landscape. The company remains poised to play a critical role in facilitating the transition toward renewable energy, delivering solutions that meet the evolving needs of the energy sector.
This development highlights not only the resilience of Waaree Solar in navigating changing trade dynamics but also reflects a growing confidence in the company's quality and reliability as a solar module manufacturer. As Waaree continues to grow and adapt, its contributions to the U.S. solar market will undoubtedly strengthen its position as a key player in the clean energy revolution.