Waaree Energies Ltd, a key player in the renewable energy sector, has announced plans to divest a portion of its stake in Indosolar Limited (formerly known as WareeIndo) to comply with minimum public shareholding regulations.

Proposed Share Sale Details

• Waaree Energies intends to sell 10,00,000 equity shares of Indosolar Ltd.
• The sale represents approximately 2.40% of Indosolar's equity.
• The share sale is scheduled for July 10-11, 2025.
• Antique Stock Broking will act as the seller's broker for the Offer for Sale (OFS).

This strategic move is aimed at ensuring compliance with the Securities and Exchange Board of India's (Sebi) Minimum Public Shareholding requirements for listed companies.

Industry Updates

In related news from the renewable energy sector:

JSW Energy Added to FTSE4Good Index Series

• JSW Energy has been added to the FTSE4Good Index Series, recognizing its strong Environmental, Social, and Governance (ESG) practices.
• This inclusion highlights the company's commitment to sustainable business operations and could potentially attract ESG-focused investors.

Yash Highvoltage Acquisition Plans

• Yash Highvoltage has announced plans to acquire a 50% stake in Sukrut Electric Company Private Limited.
• This acquisition could potentially strengthen Yash Highvoltage's position in the electric equipment manufacturing sector.

These developments underscore the dynamic nature of India's energy sector, with companies making strategic moves to strengthen their market positions and adhere to regulatory requirements.

Waaree Energies , a prominent player in the solar energy sector, has made significant strides in the US market with its latest contract win. The company's US subsidiary has secured a substantial 540 MW solar module supply contract from a major American developer, further solidifying its position in the international solar industry.

Contract Details

The newly acquired contract involves a phased delivery schedule:

• 270 MW to be delivered in 2025
• Another 270 MW slated for delivery in 2027-2028

This latest deal adds to Waaree Energies' growing presence in the US market, following recent orders of 586 MW and 599 MW from American clients.

Expanding US Operations

In response to the increasing demand, Waaree Energies is taking proactive steps to enhance its production capabilities in the United States. The company is currently expanding its Texas facility, with plans to increase its capacity to 3.2 GW by the end of 2025. This strategic move is likely to strengthen Waaree Energies' ability to meet the growing needs of the US solar market.

Robust Order Book

With this new contract, Waaree Energies has significantly bolstered its order book. The company now boasts an impressive order book of 25 GW through 2027, indicating strong future revenue potential and market confidence in its products.

Market Implications

The series of large contracts secured by Waaree Energies in the US market underscores the growing demand for solar modules and the company's competitive position in the global solar industry. As countries worldwide push for greater adoption of renewable energy, companies like Waaree Energies are poised to play a crucial role in the transition to cleaner power sources.

The expansion of production facilities and the robust order book suggest that Waaree Energies is well-positioned to capitalize on the growing opportunities in the solar energy sector, particularly in the lucrative US market.