Waaree Energies Forms Step-Down Subsidiary Hydro Bloom Energy for IPP Projects

Waaree Energies has announced the incorporation of a new step-down subsidiary named Hydro Bloom Energy Private Limited through its wholly-owned subsidiary Waaree Forever Energies Private Limited. The company informed stock exchanges about this development under Regulation 30 of SEBI Listing Regulations.

Incorporation Details

Hydro Bloom Energy Private Limited was incorporated on December 18, 2025, and is registered with the Registrar of Companies, Mumbai. The Certificate of Incorporation was received on December 19, 2025. Waaree Forever Energies Private Limited, a wholly-owned subsidiary of Waaree Energies, holds 100% share capital of the newly formed entity.

Parameter:	Details
Incorporation Date:	December 18, 2025
Registration:	ROC Mumbai
Ownership:	100% by Waaree Forever Energies Pvt Ltd
Industry Focus:	Independent Power Producer (IPP)
Current Turnover:	Nil (newly incorporated)

Business Objectives

The newly incorporated subsidiary is established solely for facilitating and holding specific power projects under the Independent Power Producer (IPP) framework. This strategic move allows Waaree Energies to expand its presence in the power generation sector beyond its core solar panel manufacturing business.

Strategic Implications

The formation of Hydro Bloom Energy represents Waaree Energies' strategic diversification into power project development and ownership. By creating a dedicated entity for IPP projects, the company can pursue power generation opportunities while maintaining operational clarity across different business segments.

This step-down subsidiary structure provides enhanced flexibility for project-specific operations and potential future partnerships in the power sector. The company is yet to commence business operations through this new entity, indicating early-stage planning for upcoming power projects.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.20%	+3.26%	-6.00%	+4.55%	+4.41%	+30.91%

Waaree Energies Ltd has announced a strategic investment plan to subscribe to preferred shares in United Solar Holding Inc, a US-based solar company, aimed at strengthening its polysilicon supply chain operations. The move represents a significant step toward vertical integration in the renewable energy sector.

Investment Structure

Waaree Energies plans to subscribe to 53,68,551 Series B preferred shares of United Solar Holding Inc for a total investment of $30 million. This acquisition is designed to enhance Waaree Energies' polysilicon supply chain capabilities, a critical component in solar panel manufacturing.

Parameter:	Details
Target Company:	United Solar Holding Inc
Share Type:	Series B Preferred Shares
Number of Shares:	53,68,551
Investment Amount:	$30 million
Expected Completion:	January 31, 2026

Strategic Significance

The investment in United Solar Holding Inc aligns with Waaree Energies' broader strategy to secure its supply chain in the polysilicon segment. Polysilicon serves as a fundamental raw material in the production of solar cells and panels, making supply chain control crucial for solar manufacturers.

Timeline and Execution

The transaction is structured with a completion timeline extending to January 31, 2026, providing time for regulatory approvals and due diligence processes. This extended timeline suggests a comprehensive approach to the subscription process.

The investment represents Waaree Energies' commitment to expanding its operational capabilities in the renewable energy sector through strategic partnerships and share subscriptions in key supply chain segments.