#United States #Asheville #Pine Gate Renewables #Solar Modules #Waaree Solar Americas

Pine Gate Renewables and Waaree Solar Americas' Landmark Solar Deal

In a noteworthy development for the renewable energy sector, Pine Gate Renewables has entered into a significant agreement with Waaree Solar Americas, whereby they will procure over 586 megawatts (MW) of domestically manufactured high-efficiency solar modules. Valued at $176 million, this deal is a strong step towards enhancing the American solar supply chain's capabilities and sustainability.

The modules from this substantial order will be deployed across four distinct projects meticulously planned to commence operation starting in 2026. The commitment to utilizing domestic solar solutions underlines Pine Gate's strategy to foster a secure and independent energy landscape within the United States. As Kim Osmars, the Chief Operating Officer of Pine Gate Renewables, emphasized, there is an increasing urgency to meet rising energy demands. Investing in local resources ensures that clean energy remains both secure and economically viable.

John Kern, Senior Vice President and the transaction lead at Pine Gate, echoed these sentiments. He stated that constructing sustainable energy projects using locally manufactured components not only adds value to these initiatives but also contributes significantly to local employment and the strengthening of the domestic clean energy industry.

Partnership Significance

The partnership with Waaree Solar Americas also showcases the confidence that Pine Gate places in Waaree's advanced technology and steadfast commitment to sustainability. This transaction underlines Waaree's reputation as a reliable player in the solar industry in the U.S. The President of Waaree Solar Americas, Sunil Rathi, reiterated their dedication to uplifting the U.S. solar market through high-quality and domestically produced modules.

In alignment with this deal, Waaree has announced plans to expand the manufacturing facility situated in Brookshire, Texas. The plant, which currently boasts a capacity of 1.6 GW, aims to double its production to 3.2 GW, further enhancing local employment opportunities and bolstering energy self-sufficiency in the United States. Waaree has previously established its presence in the American market by supplying over 6 GW of solar modules from its manufacturing plants in India, demonstrating its long-standing commitment and reliability to U.S. customers.

About Pine Gate Renewables

Pine Gate Renewables is recognized as a leading developer and operator of renewable energy projects throughout the United States. The company prides itself on its vision of delivering sustainability at scale, with a portfolio of over 30 GW of projects currently in the development pipeline. Pine Gate has successfully closed approximately $10 billion in project financing and capital investments and manages a fleet exceeding 2 GW of solar and storage assets. Additionally, through its subsidiary ACT Power Services, Pine Gate offers services to manage over 7 GW of third-party solar and storage facilities. The company is also dedicated to community engagement and development through its charitable endeavors supported by the Pine Gate Community Impact Fund.

About Waaree Energies

Founded in 1990, Waaree Energies Limited has emerged as India’s leading renewable energy enterprise, committed to accelerating the global transition to sustainable energy. Based in Mumbai, Waaree operates several advanced manufacturing establishments, totaling an impressive installed capacity of around 15 GW for solar PV modules globally, which includes the manufacturing capability in Texas. The company continues to enhance its manufacturing capacity and offers innovative solar solutions, including panel production, EPC services, and rooftop systems across 25+ countries worldwide. Waaree's mission remains focused on empowering a sustainable future with cutting-edge, economical energy solutions.

As the renewable energy sector continues to advance, strategic alliances such as that between Pine Gate Renewables and Waaree Solar Americas will undoubtedly play a pivotal role in the development of sustainable energy infrastructure in the U.S. and beyond.