Pine Gate Renewables has signed a purchase agreement for 586 megawatts (MW) of high-efficiency solar modules with Waaree Solar Americas, the US subsidiary of Indian group Waaree Energies Ltd., according to a statement issued on June 5. The transaction, valued at $176 million, concerns equipment manufactured entirely within the United…
Pine Gate Renewables has signed a purchase agreement for 586 megawatts (MW) of high-efficiency solar modules with Waaree Solar Americas, the US subsidiary of Indian group Waaree Energies Ltd., according to a statement issued on June 5. The transaction, valued at $176 million, concerns equipment manufactured entirely within the United States.
The solar modules will be deployed across four separate projects, scheduled to begin operations from 2026. North Carolina-based Pine Gate Renewables stated that the order forms part of a strategy to secure its supply chain while leveraging domestic value creation.
Domestic production to meet growing demand
“Investing in the American solar supply chain ensures energy resources remain secure and cost-effective,” said Kim Osmars, Chief Operating Officer at Pine Gate Renewables. The company aims to reinforce its ability to deliver large-scale projects amid a strong rise in energy demand.
Waaree Solar Americas will manufacture the modules at its Brookshire, Texas facility. This plant, currently operating with a capacity of 1.6 gigawatts (GW), is set to double production to 3.2 GW, the company confirmed. The expansion is intended to strengthen domestic manufacturing capabilities and support local job creation.
Waaree expands presence in the US market
Before establishing its Texas production unit, Waaree had already supplied over 6 GW of solar modules to the United States from its Indian factories. The new order, according to the company, confirms its strong commercial ties with key players in the American market.
“This order demonstrates the trust companies like Pine Gate place in our technology and reliability,” said Sunil Rathi, President of Waaree Solar Americas. He added that local manufacturing supports the development of the US market while meeting strict quality requirements.
John Kern, Senior Vice President of Transactions at Pine Gate, stated that using domestically produced components increased project value while supporting the national solar industry.
