Waaree Energies Limited is accelerating its move towards a more integrated solar and energy storage manufacturing model, with captive cell production, U.S. manufacturing and battery storage emerging as key areas of focus in FY27. Management expects the company’s cell-to-module integration ratio to rise sharply over the next two to three quarters, while its U.S. operations…
Waaree Energies Limited is expanding into smart metering, green hydrogen and clean mobility as part of its broader move into adjacent energy businesses. Its step-down subsidiary Waaree Smart Meters Private Limited has acquired a 24.21% stake in Eppeltone Engineers Limited for approximately Rs 21.78 crore, while another subsidiary has incorporated three companies focused on green…
Waaree Energies Limited has incorporated a new step-down subsidiary, WH Clean Mobility Systems Private Limited, to expand its presence in clean mobility solutions based on clean fuels and battery technologies. The company was incorporated on August 4, 2026, with the Registrar of Companies, Mumbai. Waaree Energies received the Certificate of Incorporation on August 6, 2026….
Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, has secured a turnkey Engineering, Procurement and Construction (EPC) contract for a 210 MWp (150 MWac) grid-connected ground-mount solar project from Solaris Horizon Energy Private Limited (SHEPL). The contract also includes two years of operation and maintenance (O&M) services and is scheduled to be…
Enel Green Power Development S.R.L. has filed a Request for Arbitration against Waaree Energies Limited (WEL) at the International Court of Arbitration of the International Chamber of Commerce (ICC). London has been designated as the seat of arbitration. The dispute relates to a Share Purchase Agreement (SPA) signed on January 10, 2025 for the proposed…
Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree Energies Limited (WEL), has completed the acquisition of 53,68,551 Series B preferred shares of United Solar Holding Inc. for approximately USD 30 million. The transaction, first disclosed in December 2025, closed on March 16, 2026. Investment structure United Solar Holding Inc. is a US-based solar…
Waaree Energies Limited stated that the US Department of Commerce’s preliminary countervailing duty (CVD) of 126% on solar modules using India-manufactured cells does not pose a material risk to its operations or financial guidance. The clarification was issued during a special analyst and institutional investor call held on February 25, 2026. Senior management, including Amit…