Waaree Energies Gets New Order of $176 Million
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
Waaree Energies Ltd today announced that its wholly owned subsidiary, Waaree Solar Americas, has secured a major international order worth USD 176 million for the supply of 586 MW of solar modules.
Key Contract Details
The order was received on May 28, 2025, from a well-established U.S.-based developer and owner-operator of utility-scale solar and energy storage projects. The contract is for a one-time supply, scheduled to commence in FY 2026-27.
| Particulars | Details |
|---|---|
| Order Size | 586 MW solar modules |
| Order Value | USD 176 million |
| Client Profile | Developer/operator of utility-scale solar & energy storage |
| Nature of Order | One-time supply |
| Geographic Scope | International (United States) |
| Promoter/Group Company Interest | None |
| Related Party Transaction | No |
Strategic Significance
This substantial export order underscores Waaree Energies’ growing presence in the U.S. renewable energy sector and reflects global confidence in its manufacturing capabilities. The project further augments the company’s order book and revenue visibility for the upcoming fiscals.
Company Statement
In a regulatory filing, Waaree stated, “The supply of modules is scheduled to commence from the Financial Year 2026-27.” The company also confirmed that the order is not a related party transaction and was executed on an arm’s length basis.
Outlook
With increasing emphasis on clean energy transition globally, Waaree’s strategic focus on international markets and utility-scale projects positions it strongly for future growth. The company continues to capitalize on rising global demand for solar infrastructure, especially in developed markets like the U.S.
The announcement has been made public under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
About Waaree Energies Ltd
Headquartered in Mumbai, Waaree Energies Ltd is one of India’s leading solar PV module manufacturers and EPC players. The company operates a state-of-the-art solar module manufacturing facility and caters to domestic and international solar power developers.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://nsearchives.nseindia.com/corporate/WAAREE_29052025132621_Receiptoforder_29052025.pdf
