Waaree Energies Secures 692MW Solar Module Orders Across India and US
Waaree Energies Limited has announced new contracts totaling 692MW for solar module supply. The orders include 570MW from domestic clients in India and 122MW from Waaree Solar Americas for a U.S. customer. These one-time supply contracts are scheduled for delivery during FY 2025-26 and 2026-27, with no related party transactions involved. The orders span both domestic and international markets, reinforcing Waaree's position in the solar energy sector.
*this image is generated using AI for illustrative purposes only.
Waaree Energies Limited , a prominent player in the solar energy sector, has announced a significant boost to its order book with new contracts totaling 692MW of solar module supply. The company disclosed these developments in a regulatory filing on October 24, 2025, marking a substantial step forward in its market presence both domestically and internationally.
Order Details
The company has secured multiple orders from various clients, as detailed in the following table:
| Order Source | Capacity (MW) | Location |
|---|---|---|
| Domestic Clients | 220 | India |
| Domestic Clients | 210 | India |
| Domestic Clients | 140 | India |
| Waaree Solar Americas | 122 | United States |
| Total | 692 |
Domestic Market Expansion
Waaree Energies has strengthened its position in the Indian market with three substantial orders. These orders, totaling 570MW, have been received from "renowned customers engaged in the business of owning, developing and operating renewable power projects in India," as stated in the company's filing.
International Footprint
In a notable international development, Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies, has secured a 122MW order in the United States. This order comes from "a renowned customer who is a developer and owner-operator of utility-scale solar and energy storage projects across the United States," highlighting the company's expanding global reach.
Contract Specifics
- Nature of Contracts: All orders are one-time supply contracts.
- Delivery Schedule: The solar modules are slated for delivery during the financial years 2025-26 and 2026-27.
- Related Party Transactions: The company has confirmed that these orders do not involve any related party transactions or interests from the promoter group.
Market Implications
These new orders represent a significant opportunity for Waaree Energies to strengthen its market position in the solar energy sector. The diverse geographical spread of these orders, spanning both India and the United States, underscores the company's capability to compete in global markets.
The timing of these orders aligns with the increasing global focus on renewable energy sources, particularly solar power. As countries worldwide strive to meet their clean energy targets, companies like Waaree Energies are poised to play a crucial role in the transition to sustainable energy solutions.
While the financial details of these orders were not disclosed, the substantial volume of 692MW suggests a considerable boost to the company's revenue pipeline for the coming years. Investors and industry observers will likely keep a close watch on how these orders impact Waaree Energies' financial performance and market standing in the renewable energy sector.
As the solar energy market continues to evolve, Waaree Energies' ability to secure large orders both domestically and internationally positions it as a key player in the industry's growth story.
Historical Stock Returns for Waaree Energies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.43% | -2.70% | +2.75% | +17.35% | +50.90% | +50.90% |
16
