Waaree Energies Secures 2210 MW Solar Module Orders, Global Footprint Expands

RENEWABLES

Overview

Waaree Energies has secured significant orders totaling 2210 MW. The Indian developer contract is for 210 MW DCR modules, set for delivery in FY 2026-27. Simultaneously, its US subsidiary clinched a 2000 MW module supply deal for utility-scale projects, scheduled between 2028-2030. These deals reinforce Waaree's position in key global markets.

Global Expansion Bolstered

The agreements signal a significant expansion for Waaree Energies, bolstering its presence in both the crucial Indian market and the expansive North American solar sector. The company's subsidiary, Waaree Solar Americas Inc., has secured a massive 2000 MW solar module supply contract with a leading U.S. developer focused on utility-scale projects. This international order is slated for fulfilment between 2028 and 2030, indicating long-term strategic partnerships.

Domestic Strength and Capacity Growth

Domestically, Waaree Energies will supply 210 MW of DCR (Domestic Content Requirement) solar modules to a prominent Indian renewable energy developer. Deliveries for this significant Indian order are scheduled for Financial Year 2026-27. These orders underscore Waaree's growing influence and manufacturing capability within the competitive green energy market.

Financial Snapshot and Market Position

Waaree Energies boasts a market capitalization exceeding Rs 73,000 crore. As of September 30, 2025, its order book for solar PV modules stands at a substantial Rs 47,000 crore, encompassing domestic, export, and franchisee agreements. The company's stock has seen positive momentum, trading up by 44 percent from its 52-week low of Rs 1,808.65 per share. Waaree is strategically expanding its manufacturing facilities to reach an aggregate installed capacity of 21 GW by 2027, with backward integration into solar cells, ingot, and wafer production planned.

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