Waaree Energies doubles its Texas solar module capacity to 3.2 GW

what happened

According to Moody's, the US unit of Waaree Energies, Waaree Solar Americas, has started commercial output on two new module lines at its Brookshire plant in Texas. Each line has an annual capacity of 800 MW, adding 1.6 GW and taking the site to 3.2 GW. Production began on October 29, under an investment plan approved by the board in April 2025.

The company is also lifting its Arizona plant from 1 GW to 1.6 GW, which would bring planned US module capacity to 4.8 GW in FY27. US operations brought in ₹1,300 crore of revenue in Q2 FY27, against ₹732 crore a year earlier, and the domestic business now accounts for 43.8% of the ₹59,200-crore order book.

Management points to shifting US trade policy, including Section 232 measures, which has changed the economics of imported modules and raised the value of local production.

why it matters

For markets, this signals that trade restrictions on imports make locally built solar modules in the US more important. For Waaree, higher domestic output and a growing US share of orders reshape its revenue mix. The report gives no estimates of profit impact or share price effects.

market impact

Waaree Energies: US capacity growth supports local revenue; trade shifts favour domestic module makers

• ▲Waaree Energies shares pressure up — growing US capacity and order book add to local revenue

tags

instruments