Waaree Solar Americas Inc., the US subsidiary of Indian manufacturer Waaree Energies Limited, announced the signing of a solar module supply agreement totalling 586 megawatts with a US-based independent power producer. The agreement, valued at $176mn (INR1,500 crore), includes delivery of modules manufactured locally in Brookshire, Texas, during the 2026–27 fiscal year.
The project will be deployed across four separate sites and is part of a broader trend of industrial relocation and reinforcement of the US energy supply chain. The supplied modules will include several locally sourced components, allowing the projects to comply with the Investment Tax Credit (ITC) domestic content requirements.
Local production and US tax compliance
Manufacturing will be carried out at Waaree’s Texas plant, established to meet growing demand for US-made photovoltaic modules. This industrial positioning allows the group to meet federal tax criteria while aligning with shifting trade policies. Local production is also seen as a mechanism to strengthen the resilience of the US energy sector, according to the terms of the agreement.
Waaree Solar Americas stated that the deal enhances its capacity to support US energy security and reliability objectives, leveraging industrial capabilities developed in India. The Indian group, the country’s largest photovoltaic module manufacturer, continues its North American expansion after securing multiple agreements in recent years.
Strategic positioning in the North American market
The signing of this contract with an unidentified American partner reflects a growing trend of foreign firms seeking a foothold in the US energy industrial framework. The deal, significant in scale for a module supply agreement, reinforces Waaree’s position in a market shaped by rising protectionist measures and support for domestic players.
The modules will be integrated into projects already planned by the independent power producer as part of a national pipeline in development. No details were provided on the geographic location or commissioning timeline, but Waaree confirmed all deliveries will occur during fiscal year 2026–27.
“Our collaboration reflects a shared commitment to contribute to the United States’ energy security through a resilient supply chain,” said Sunil Rathi, President of Waaree Solar Americas, in a statement dated May 30.
