By Enersider Desk | New Delhi
A US investigation into potential solar tariff evasion will not impact Waaree Energies’ investment plans, including the expansion of its Texas facility and exploration of setting up a solar cell manufacturing capability in the high-growth, strategic US market, the company said.
It was further stated that Waaree is one of the largest vertically integrated companies in the manufacturing of solar modules, which convert sun rays into electricity. It has an operational capacity of 13.3 GW in India. It commenced operations at its US solar module manufacturing plant in Houston, Texas, in January this year with an initial installed capacity of 1.6 GW. The Texas facility is being scaled to 3.2GW by FY27.
Reports earlier this week indicated that Waaree Energies was being probed in the US for alleged duty evasion related to solar imports, leading to a nearly 7% decline in its share price.
However, the company has emphasised that its long-term strategy for the US remains unchanged, underlining the importance of strengthening domestic clean energy supply chains.
Waaree Energies announced last month that its wholly-owned subsidiary, Waaree Solar Americas, secured a major order to supply 452 MW of advanced solar modules to a leading American developer of utility-scale solar and energy storage projects. Deliveries for this order are scheduled across FY2026-27.
According to the company, the deal not only strengthens Waaree’s North American presence but also reflects a larger shift in how the US market is embracing Indian manufacturing strength to accelerate its renewable energy transition.
The company has further stated that it views the US as a critical growth market where it will continue to expand its capabilities despite regulatory scrutiny. By focusing on both scale and technology, the company aims to align its business growth with the clean energy ambitions of India, the United States, and the global community.
