On July 19, 2025, Waaree Energies Limited (NSE: WAAREEENER, BSE: 544277) announced that its wholly-owned subsidiary, Waaree Solar Americas, received an international order for the supply of 500MW solar modules from a well-known client who develops and owns and operates utility-scale solar and energy storage projects throughout the United States. The supply is scheduled for Financial Year 2026-27, reinforcing Waaree’s expanding presence in the American renewable energy market.
Strategic US Market Penetration and International Expansion
Waaree’s ongoing success in breaking into the cutthroat US solar market through its subsidiary operations is demonstrated by the most recent 500MW order. Rajesh Ghanshyam Gaur, the company secretary and compliance officer (M.No. A34629), submitted the regulatory disclosure in accordance with SEBI Listing Regulation 30, confirming the order represents a one-time international supply arrangement with no promoter group interest or related party transaction implications.
The contract involves supply of solar modules to a customer focused on utility-scale solar and energy storage projects spanning multiple US states, highlighting the strategic importance of America’s renewable energy infrastructure development. This order underscores Waaree’s capability to secure significant contracts from established players in the US utility sector.
Regulatory Compliance and Transparent Disclosure
The announcement follows comprehensive disclosure requirements under Regulation 30 of the SEBI Listing Regulations, read with Schedule III and SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. The detailed annexure confirms this is an international entity engagement with no related party transaction characteristics, ensuring arm’s length commercial arrangements.
Waaree has committed to making all relevant information available on the company website at www.waaree.com, demonstrating its commitment to transparent investor communication and regulatory compliance. The disclosure confirms the order’s one-time nature while highlighting the significant 500MW capacity involved.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
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