Waaree Solar Americas Invests $30 Million in Polysilicon Producer United Solar
Waaree Solar Americas, the U.S. subsidiary of Waaree Energies, is investing $30 million in United Solar Holdings to secure traceable polysilicon supply for its solar manufacturing operations in the United States.
| Countries | États-Unis, Oman, Îles Caïmans |
|---|---|
| Companies | Waaree Solar Americas, Waaree Energies, United Solar Holdings |
| Sector | Énergie Solaire, Photovoltaïque |
| Theme | Investissements & Transactions, Investissement entreprise |
Waaree Solar Americas, the U.S. subsidiary of Waaree Energies, has signed an equity subscription agreement with United Solar Holdings, a polysilicon producer, to acquire approximately 5.37 million Series B preferred shares. The transaction amounts to approximately $30 million. The investment aims to guarantee long-term supply of fully traceable polysilicon for the group's solar manufacturing operations in the United States and other international markets.
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