Close Menu
Rupee WiseRupee Wise
  • Indian Markets
  • Block Deals
  • Commodities
  • Earnings Reports
  • Global Insights
  • Bonds
  • Market Analysis
Recent Posts
  • GIFT Nifty Opens Marginally Lower, Signalling Cautious Start to Trading
  • GIFT Nifty Opens Marginally Higher, Signals Positive Start for Indian Market
  • Gold Shines as U.S. Inflation Cools, Fed Rate Cuts Anticipated
  • Indian Markets Face Cautious Start as GIFT Nifty Opens Lower
  • GIFT Nifty Signals Cautious Opening for Indian Markets
  • English
  • हिन्दी
Archives
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • July 2024
WhatsApp
WhatsApp
  • English
  • हिन्दी
Rupee WiseRupee Wise
  • Indian Markets
  • Block Deals
  • Commodities
  • Earnings Reports
  • Global Insights
  • Bonds
  • Market Analysis
Rupee WiseRupee Wise
  • English
  • हिन्दी
  • Indian Markets
  • Block Deals
  • Commodities
  • Earnings Reports
  • Global Insights
  • Bonds
  • Market Analysis
Home » Latest News » Markets » Indian Markets

Waaree Energies Commences Trial Production at its 1.6 GW Solar Module Facility in Texas

6 months ago Indian Markets 2 Mins Read

Waaree Energies, India’s largest solar panel manufacturer, has initiated trial production at its new 1.6 GW solar module facility located in Brookshire, Texas. This marks a significant step in the company’s global expansion strategy and its commitment to the U.S. solar market. The facility, representing a substantial investment by Waaree, is expected to ramp up production to 3 GW in the near future and eventually reach 5 GW by 2027, creating over 1,500 jobs. This move aligns with the growing demand for solar energy in the U.S. and benefits from supportive policies like the Inflation Reduction Act, which encourages domestic manufacturing. Waaree’s Texas facility will initially focus on assembling solar modules, with plans to integrate solar cell production by 2025. The company has already secured a multi-year supply agreement with SB Energy, a leading U.S. solar project developer, demonstrating strong market confidence in Waaree’s U.S. operations.

Key Insights:

  • Focus: The news highlights Waaree Energies’ expansion into the U.S. solar market and the commencement of production at its Texas facility.
  • Key Events: The start of trial production at the 1.6 GW facility and the securing of a major supply agreement with SB Energy are the key events.
  • Potential Impact:
    • Positive impact on Waaree Energies’ revenue and market share in the U.S.
    • Contribution to the growth of the U.S. solar industry and job creation.
    • Potential for increased competition in the U.S. solar panel market.

Investment Implications:

This development is positive for Waaree Energies and reflects the company’s growth prospects. Investors interested in the renewable energy sector and the Indian stock market may consider this news when evaluating Waaree Energies as an investment opportunity. Additionally, this move reinforces the positive outlook for the solar industry, driven by supportive government policies and increasing demand for clean energy. Investors may want to consider broader implications for the renewable energy sector in India and the U.S., as well as potential investment opportunities in companies involved in the solar supply chain.

Sources:

  • Waaree Energies To Commission 1.6 GW Solar Module Manufacturing Facility In US In FY25, Says CEO Amit Paithankar – NDTV Profit

Follow on WhatsApp Follow on Google News
Share. WhatsApp Telegram Facebook Twitter Email LinkedIn Copy Link
Avatar of Rajiv Kumar
Rajiv Kumar
  • Website

Rajiv Kumar is a stock broker and financial consultant with a deep understanding of the market. He owns a successful firm where he helps individuals and companies make smart investment decisions. Rajiv provides personalized advice and strategies to help his clients achieve their financial goals. His expertise and commitment to client satisfaction have earned him a strong reputation in the finance industry.

Keep Reading

Indian Markets 1 month ago

Aster DM Healthcare Leases Land for New Hospital in Bengaluru

3 Mins Read
Indian Markets 1 month ago

Exide Industries’ Q4 FY25 EBITDA Margins Affected by Higher Raw Material Prices

3 Mins Read
Indian Markets 1 month ago

Alembic Pharma Anticipates Margin Expansion Driven by R&D Optimization

2 Mins Read
Indian Markets 1 month ago

Paytm Reaffirms Margin Targets, Highlights Earnings Potential

3 Mins Read
Indian Markets 1 month ago

Welspun Corp Secures Significant Export Order for Coated LSAW Line Pipes and Bends from India

2 Mins Read
Indian Markets 1 month ago

Techno Electric Launches Digital Infrastructure Arm with USD 1 Billion Investment Plan

3 Mins Read
Indian Markets 1 month ago

Report of Sumitomo Acquiring 51% Stake in YES BANK Incorrect, Say Banking Sources

2 Mins Read
Indian Markets 1 month ago

Meghna Infracon Board to Consider Bonus Share Issuance

2 Mins Read
Indian Markets 1 month ago

Hyundai Motor India Celebrates 29 Years of Success with 12.7 Million Units Sold

2 Mins Read
Indian Markets 1 month ago

Indian Hotels Confident in Double-Digit Growth Fueled by Expansion and Asset Management

2 Mins Read
Indian Markets 1 month ago

Sunteck Realty Expresses Confidence in Continued Growth and Acquisition Strategy

2 Mins Read
Indian Markets 1 month ago

Coforge Bullish on FY26 Outlook, Expects Margin Expansion

2 Mins Read
Add A Comment
Leave A Reply Cancel Reply

Latest Posts

GIFT Nifty Opens Marginally Lower, Signalling Cautious Start to Trading

23 hours ago

GIFT Nifty Opens Marginally Higher, Signals Positive Start for Indian Market

2 days ago

Gold Shines as U.S. Inflation Cools, Fed Rate Cuts Anticipated

5 days ago

Indian Markets Face Cautious Start as GIFT Nifty Opens Lower

6 days ago

GIFT Nifty Signals Cautious Opening for Indian Markets

7 days ago

GIFT NIFTY Opens Marginally Lower at 25,228, Down 0.02%

1 week ago

GIFT Nifty Signals Cautiously Positive Start for Indian Markets

1 week ago
Tags
Banking Sector Block Trade Brent Crude Construction Crude Oil DII EBITDA Electric Vehicles Energy Sector FII GIFT Nifty Global Economy India Indian Economy Indian Stock Market Inflation Infrastructure Institutional Investment Institutional Investors Investment Investment Strategy Manufacturing Market Opening Market Sentiment Market Volatility Mergers and Acquisitions Nifty 50 Nifty50 NSE Oil Prices OPEC+ Order Book Pharmaceutical Industry Pharmaceuticals Pharmaceutical Sector Power Sector Profitability Q2 Results Quarterly Results Real Estate Renewable Energy Revenue Growth Stock Market निवेश शेयर बाजार
© 2025 RupeeWise. Powered by ABLORE.

Type above and press Enter to search. Press Esc to cancel.