Waaree Energies Limited (BSE: 544277, NSE: WAAREEENER) has announced a significant business development for its US operations in the solar energy sector. The company's wholly-owned subsidiary, Waaree Solar Americas, has secured a substantial 500MW solar module supply contract from a prominent US-based customer.

Contract Details

According to a regulatory filing made by Waaree Energies on July 19, 2025, the order comes from a renowned customer described as a developer and owner-operator of utility-scale solar and energy storage projects across the United States. The contract specifics include:

• Order Size: 500MW of solar modules
• Delivery Timeline: Supply scheduled for the Financial Year 2026-27
• Nature of Contract: One-time order
• Customer: International entity (United States-based)

Strategic Importance

This large-scale order represents a significant milestone for Waaree Energies' expansion into the US solar market. It demonstrates the company's growing presence and competitiveness in one of the world's largest renewable energy markets.

Company Statement

Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer of Waaree Energies Limited, stated in the filing:

"This is to inform you that Waaree Solar Americas, a wholly owned subsidiary of the Company has received an order on July 19, 2025 for supply of 500MW solar modules from a renowned customer who is a developer and owner-operator of utility scale solar and energy storage projects across the United States."

Market Implications

The securing of this substantial contract could have positive implications for Waaree Energies' future revenue streams and market position. It showcases the company's capability to compete and win large-scale projects in the international arena, particularly in the lucrative US solar market.

About Waaree Energies

Waaree Energies Limited is an Indian company specializing in solar energy solutions. With this latest development, the company continues to strengthen its position in the global solar industry, expanding its footprint beyond the domestic market.

Investors and industry observers will likely keep a close watch on Waaree Energies' performance as it executes this significant international order, potentially opening doors for further growth and expansion in the US and other international markets.

Waaree Energies Ltd (NSE: WAAREEENER, BSE: 544277) has announced the cancellation of its planned ₹293 crore acquisition of Kamath Transformers Private Limited. The company cited an inability to reach an agreement on terms within the agreed timeframe as the reason for the deal's termination.

Acquisition Deal Falls Through

In an official statement to the stock exchanges, Waaree Energies revealed that the proposed transaction with Kamath Transformers has not been consummated. The company stated, "The parties were unable to reach an agreement on the terms of a definitive agreement within the agreed timelines." This development comes after the initial announcement of the acquisition plan on May 19, which was part of Waaree's expansion strategy.

Strong Financial Performance

Despite the setback in its acquisition plans, Waaree Energies reported robust financial results for the fourth quarter:

The company's strong EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of ₹920.00 crore and a profit of ₹620.00 crore for Q4 demonstrate Waaree's solid financial position, despite the unsuccessful acquisition attempt.

Looking Ahead

While the cancellation of the Kamath Transformers acquisition may impact Waaree's immediate expansion plans, the company's strong financial performance suggests it remains well-positioned in the energy sector. Investors and industry observers will likely be watching closely to see how Waaree Energies adjusts its growth strategy in light of this development.

The company has assured stakeholders that this information will be made available on its official website. As the renewable energy sector continues to evolve, Waaree Energies' next steps will be of interest to both investors and industry analysts alike.