Waaree Energies is taking a strategic step to strengthen its global solar manufacturing footprint while streamlining domestic operations.
The company’s Board has approved a US$37 million investment in its US subsidiary, alongside a consolidation of two manufacturing facilities in Gujarat.
US Manufacturing Expansion
🔹 US$37 million capex approved for Waaree Solar Americas Inc.
🔹 Arizona facility capacity to increase from 1 GW to 1.6 GW
🔹 Overall US manufacturing capacity to rise from 4.2 GW to 4.8 GW
🔹 Combined US footprint: 1.6 GW in Arizona + 3.2 GW in Brookshire, Texas
🔹 Investment to be funded through a mix of internal accruals and debt
India Manufacturing Consolidation
Waaree Energies will also streamline its domestic manufacturing network:
🔹 Tumb, Gujarat – 1.0 GW
🔹 Nandigram, Gujarat – 1.11 GW
🔹 Both facilities are planned for closure, with machinery relocated to the company’s Chikhli facility
🔹 The restructuring is targeted for completion by December 31, 2026
🔹 The affected units represented approximately 14% of their prior standalone turnover
📈 Strategic Takeaway
This move highlights Waaree Energies’ strategy of expanding where global demand is strongest while optimizing its Indian manufacturing footprint.
The US expansion strengthens its presence in the rapidly growing American solar market, while domestic consolidation could help improve operational efficiency, administrative costs and asset utilization.
In addition, Mona Bhide has been appointed as an Additional Non-Executive Independent Director for a five-year term beginning August 30, 2026.
Waaree Energies continues to position itself as a major player in the global solar manufacturing ecosystem. 🇮🇳☀️🇺🇸
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