Mumbai: India’s solar PV module manufacturer and major supplier to the United States, Waaree Energies, will establish its first US manufacturing facility in the Houston areas.
The facility, located in the town of Brookshire, will have the initial capacity to manufacture 3 gigawatts (GW) of solar modules annually by the end of 2024.
Waaree plans to invest up to $ 1 billion over the next four years to scale its annual module manufacturing production up to 5 GW by 2027, making it one of the largest solar module manufacturing facilities in the US.
Waaree will also add an integrated US-made solar cell facility that is expected to be operational by 2025. In total, Waaree’s new facility is expected to create over 1,500 total jobs in the US when at full capacity.
"We are proud of this significant commitment by Waaree to US domestic solar manufacturing,” said Waaree Chairman and Managing Director Hitesh Doshi.
“In partnership with a company of SB Energy’s mission and stature, Waaree is fostering a solar manufacturing ecosystem in Texas, a state that has taken a leading position in clean energy manufacturing,” he added.
“We are delighted to expand our US supply chain with Waaree, a leading global supplier of solar modules. Through our long-term supply agreements, we are proud to support the growing US. solar supply chain and well-paying manufacturing jobs,” said Abhijeet Sathe, co-CEO of SB Energy. “Waaree brings a proven track record of delivering superior technology to some of the largest solar projects in the US and India,” he added.
“Most major components used in the manufacturing of these solar modules will be sourced domestically, enabled in part due to the Inflation Reduction Act,” stated Sunil Rathi, Board member, Waaree Solar Americas Inc.
Published 22 December 2023, 05:12 IST