Waaree Energies has officially incorporated Solaris Horizon Energy Private Limited as a wholly owned subsidiary on December 10, 2025, marking a strategic expansion into the Independent Power Producer (IPP) segment. The company received the Certificate of Incorporation and informed stock exchanges through regulatory filings under SEBI listing regulations.

Official Incorporation and Regulatory Compliance

The incorporation was completed through Waaree Forever Energies Private Limited (WFEPL), a wholly-owned subsidiary of Waaree Energies, which holds 100% share capital of the newly formed entity. The company has filed the requisite disclosures with BSE and NSE as per SEBI regulations.

Strategic Business Expansion

Solaris Horizon Energy has been incorporated specifically for facilitating and holding power projects under the IPP framework. This development represents Waaree Energies' move to diversify operations beyond solar panel manufacturing into power generation, enabling participation across the entire solar energy value chain.

Market Positioning and Future Operations

The newly incorporated entity is yet to commence business operations but positions Waaree Energies to capitalize on India's growing renewable energy sector from multiple angles. The company can now serve both as an equipment supplier to other developers and as a power generator through its subsidiary, potentially creating additional revenue streams and market opportunities.

This vertical integration strategy enables Waaree Energies to leverage its manufacturing expertise while expanding into the power generation business, offering comprehensive solar energy solutions from equipment manufacturing to actual power production and supply.

Waaree Energies Limited , a key player in the renewable energy sector, has announced a significant new order for its solar module business. The company has secured a contract to supply 140 MW of solar modules to a prominent customer in India's renewable power industry.

Order Details

Key Points

• The order comes from a domestic entity specializing in renewable power projects.
• The supply is scheduled for execution in the Financial Year 2025-26.
• This order does not involve any related party transactions.
• There is no interest from the promoter or promoter group in the entity awarding the contract.

This new order underscores Waaree Energies' strong position in the solar module market and reflects the growing demand for renewable energy solutions in India. As the country continues to push for increased adoption of clean energy, such contracts play a crucial role in supporting the expansion of solar power infrastructure.

The timely execution of this order in FY 2025-26 will be important for both Waaree Energies and its customer, contributing to the ongoing growth of India's renewable energy capacity. This development aligns with the nation's commitment to sustainable energy sources and may have positive implications for Waaree Energies' business outlook in the coming years.