A Major Boost for Waaree Energies Ltd: U.S. Order for 500MW Solar Modules
In a significant development for the renewable energy sector, Waaree Energies Ltd, a leading player in the solar energy industry, has received a substantial order from a major U.S.-based energy developer. This order, announced on July 21, 2025, involves the supply of 500MW solar modules by Waaree Solar Americas, the U.S. subsidiary of Waaree Energies, for the fiscal year 2026–27. This one-time international order has placed Waaree Energies in the spotlight, highlighting its growing influence and operational capacity in the global solar market.
Waaree Energies Ltd, headquartered in Mumbai, India, is renowned for its comprehensive range of solar solutions, including solar PV modules, inverters, lithium-ion batteries, and various solar-powered products. The company boasts an impressive operational capacity of 12 gigawatts for solar PV modules, encompassing advanced technologies such as Mono PERC, Bifacial, BIPV, Flexible, and Polycrystalline modules. This capacity positions Waaree Energies as a formidable force in the solar manufacturing and project development sectors.
The recent U.S. order underscores Waaree Energies’ strategic expansion and its ability to meet the increasing global demand for renewable energy solutions. The company’s diverse portfolio, which includes the Engineering, Procurement, and Construction (EPC) segment, further strengthens its market position. Waaree Energies offers a variety of services, such as EPC Ground Mount, EPC Floating Solar, and operation and maintenance (O&M) services, ensuring comprehensive support for solar projects.
Financially, Waaree Energies has demonstrated robust performance, with a market capitalization of 921 billion INR as of July 17, 2025. Despite a high price-to-earnings ratio of 46.82, the company’s recent achievements and strategic initiatives suggest a promising outlook for future growth.
As the Indian stock market anticipates a flat start on July 21, 2025, Waaree Energies stands out as a stock to watch, driven by its recent international success and ongoing commitment to advancing solar energy solutions. This order not only reinforces Waaree Energies’ leadership in the solar industry but also highlights its pivotal role in the global transition towards sustainable energy.