Waaree Energies Limited has secured a $176 million order for 586 MW solar modules through its subsidiary, reflecting its strategic expansion in the U.S. renewable energy market.

Information on the Target

Waaree Energies Limited has recently made headlines following a notable surge in its stock price, rising as much as 7% after announcing that its wholly-owned subsidiary, Waaree Solar Americas, secured a significant order for the supply of 586 MW of solar modules. This order carries an aggregate value of $176 million, indicative of the growing demand for solar energy solutions.

The order is from a prominent customer known for its development and operation of utility-scale solar and energy storage projects across the United States. Waaree Energies plans to initiate the supply of these solar modules beginning in the financial year 2027.

Industry Overview in the United States

The renewable energy sector in the United States has been experiencing a robust transformation, driven by a concerted effort to transition to sustainable energy sources. The solar energy mark