In Short : Waaree Energies’ shares tumbled 8% after U.S. authorities launched a probe into suspected solar tariff evasion. The investigation alleges the company misdeclared Chinese-made panels as Indian to bypass duties. U.S. Customs has sought cash deposits during the inquiry. Waaree confirmed full cooperation, but analysts warn potential penalties may impact exports and investor […]
Waaree Energies Strengthens Renewable Ecosystem with ₹192 Crore Acquisition of Kotsons – EQ
In Short : Waaree Energies has acquired a 64% stake in transformer manufacturer Kotsons for ₹192 crore, marking a strategic move to strengthen its renewable energy ecosystem. The acquisition will enhance Waaree’s backward integration, ensuring reliable transformer supply for solar and power projects. This step supports India’s clean energy transition while boosting Waaree’s infrastructure capabilities […]
Waaree Energies Secures Landmark 452 MW Solar Module Export Deal in US Market – EQ
In Short : Waaree Energies, India’s largest solar module manufacturer, has secured a 452 MW solar module supply order in the US. The order strengthens Waaree’s growing international presence and supports America’s renewable energy expansion. With its advanced manufacturing capacity, Waaree continues to play a key role in global clean energy transition. Deliveries are scheduled […]
Waaree Energies Unveils ₹15,000 Cr Green Push to Power India’s Solar Future – EQ
In Short : Waaree Energies is ramping up its solar manufacturing capacity with a plannIed investment of nearly ₹15,000 crore. This includes setting up integrated facilities across India, including a 6 GW module-cell-ingot plant and a 5.4 GW solar cell gigafactory in Gujarat. Additionally, ₹3,500 crore will be invested in green energy ventures like battery storage, electrolysers, […]
Waaree Energies Fortifies Manufacturing Through Strategic Transformer and Energy Firm Acquisitions – EQ
In Short : Waaree Energies’ board approved acquiring Kamath Transformers Pvt Ltd for ₹293 crore, and its subsidiary Waaree Forever Energies will buy Green New Delhi Forever Energy Pvt Ltd at ₹1 lakh per share. Both all‑cash deals, funded through internal accruals, are slated to complete in FY26. The acquisitions will expand Waaree’s manufacturing footprint and strengthen […]
Waaree Energies opens India’s largest solar gigafactory in Gujarat – EQ
In Short : Waaree Energies has opened India’s largest solar gigafactory in Chikhli, Gujarat, with a 5.4 GW capacity. Built with a ₹2,500 crore investment, the facility uses advanced TOPCon technology and creates 9,500 direct jobs. This milestone strengthens India’s renewable energy ambitions, contributing to the nation’s 500 GW clean energy goal by 2030. In […]
Waaree Energies bags 410 MW solar module supply order from Aditya Birla Renewables – EQ
In Short : Waaree Energies secured a 410 MW solar module supply order from Aditya Birla Renewables. The n-type TOPCon bifacial modules will be delivered between May and September 2025 for projects in Gujarat, Rajasthan, and Maharashtra. This partnership strengthens India’s renewable energy growth, supporting sustainability goals and advancing high-efficiency solar technology in commercial and […]
Waaree Energies Secures 362.5 MWp Solar Module Order for Indian Renewable Project – EQ
In Short : Waaree Energies secured a 362.5 MWp solar module order from Khaba Renewable Energy, a subsidiary of Engie India. The supply will begin in FY 2025-26. This follows Waaree’s recent 524 MWp orders and expansion of its 1.4 GW solar cell facility in Gujarat, reinforcing its role in India’s renewable energy growth. In […]
Waaree Energies partners with Radiance Renewables to deliver 132.5 MWp of N-type topcon solar modules – EQ
In Short : Waaree Energies has partnered with Radiance Renewables to supply 132.5 MWp of N-type TOPCon solar modules. This collaboration aims to enhance solar power generation with high-efficiency modules, supporting India’s renewable energy goals. The partnership underscores a commitment to advanced solar technology, boosting sustainability and clean energy adoption across the country. In Detail […]
Waaree Energies Q3 results: Net profit grows multifold to Rs 506.8 cr – EQ
In Short : Waaree Energies reported a multifold increase in net profit to ₹506.8 crore for Q3, driven by strong demand for solar modules. The company’s revenue surged significantly, reflecting growth in India’s renewable energy sector. With expanding capacity and strategic investments, Waaree continues to strengthen its position as a key player in the solar […]
