Waaree Energies Ltd., a leading solar panel manufacturer, is set to commission its new module manufacturing plant in the United States by December-January. The new plant, located in the state of Texas, will have an annual production capacity of 1 GW and will cater to the growing demand for solar panels in the US market.
According to a company spokesperson, “We are excited to announce that our new module manufacturing plant in the US is nearing completion and will be commissioned by December-January. This plant will enable us to cater to the growing demand for solar panels in the US market and further strengthen our presence in the region.”
Waaree Energies has been expanding its presence in the US market over the past few years and has already established a strong network of distributors and partners in the region. The company’s decision to set up a manufacturing plant in the US is seen as a strategic move to tap into the growing demand for solar panels in the region.
The US market is expected to witness significant growth in the coming years, driven by the increasing adoption of renewable energy sources. Waaree Energies’ new manufacturing plant in the US will also enable the company to reduce its dependence on imports and increase its exports to other countries in the region.
The company’s expansion plans in the US are also expected to create new job opportunities in the region. Waaree Energies has already started hiring personnel for its new manufacturing plant and plans to create over 500 jobs in the next two years.
Founded in 1990, Waaree Energies Limited (WAAREE) stands as a frontrunner in India’s renewable energy sector, driving the global shift towards sustainable energy. Based in Mumbai, the company boasts advanced manufacturing facilities with a combined solar PV module capacity of approximately 13.3 GW, including 1.3 GW from Indosolar.
With a strong presence across India and operations in over 25 countries, Waaree provides a wide range of solar solutions, such as panel manufacturing, EPC services, project development, and rooftop installations. Dedicated to a sustainable future, Waaree delivers innovative and cost-efficient energy solutions to support a cleaner, greener planet.
