Waaree Energies

India | News | Renewable Energy

Waaree Energies subsidiary to acquire Sunbreeze Ninth Cloud
By November 5, 2025November 5, 2025

Waaree Energies Limited announced that its wholly owned subsidiary, Waaree Forever Energies Private Limited (WFEPL), has entered into a Share Purchase Agreement to acquire 100% equity in Sunbreeze Ninth Cloud Private Limited. The acquisition is subject to standard closing conditions and is expected to be completed by November 30, 2025, or on a mutually agreed later date. Waaree confirmed that the transaction does not involve any related parties, and none of its promoters or group…

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India | News | Renewable Energy

Waaree Energies starts 950 MW solar module line in Gujarat
By October 1, 2025October 28, 2025

Waaree Energies Limited has commissioned a 950 MW solar module manufacturing line at its plant in Degam, Chikli taluka, Navsari district, Gujarat. The facility began operations on 30 September 2025. In September 2025, the company also added four subsidiaries under Waaree Forever Energies Private Limited, including Waaree Forever Energies Three Private Limited incorporated on 24 September. Three other step-down subsidiaries were registered earlier in the month.

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Waaree acquires 76% stake in Racemosa Energy for Rs 53 crore
By September 29, 2025October 28, 2025

Waaree Energies Limited has announced that its wholly owned subsidiary, Waaree Power Private Limited (WPPL), has signed a definitive share subscription and shareholders’ agreement to acquire a 76 per cent stake in Racemosa Energy (India) Private Limited. The aggregate consideration for the transaction is approximately Rs 53 crore. The company stated that the acquisition, disclosed earlier on September 18, 2025, is subject to the fulfilment of conditions precedent. The deal is expected to close in…

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Waaree Forever incorporates new subsidiary
By September 26, 2025October 28, 2025

Waaree Forever Energies Private Limited, a wholly-owned unit of Waaree Energies Limited, has incorporated Waaree Forever Energies Three Private Limited. The incorporation took place on September 24, 2025, and the certificate of incorporation was received on September 25, 2025. This follows earlier incorporations of three step-down subsidiaries this month. Waaree Forever Energies Four Private Limited and Waaree Forever Energies Five Private Limited were incorporated on September 10, with certificates received on September 11. Waaree Forever…

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Waaree Power to acquire 76% stake in Racemosa Energy
By September 24, 2025October 28, 2025

Waaree Power Private Limited, a subsidiary of Waaree Energies Limited, has approved the acquisition of a 76 per cent equity stake in Racemosa Energy (India) Private Limited. The deal is subject to definitive agreements, regulatory clearances, and standard closing conditions. Racemosa Energy, incorporated in 2018 in Maharashtra, manufactures smart meters. Waaree Energies stated that the acquisition will help integrate smart metering into its portfolio and broaden its presence across the energy value chain beyond solar…

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Waaree Energies to sell 14.66% stake in Indosolar through OFS
By September 18, 2025October 28, 2025

Waaree Energies Limited plans to divest up to 6.1 million equity shares of Indosolar Limited, equal to 14.66 per cent of the company’s paid-up capital, through an Offer for Sale (OFS) on the stock exchanges. The share sale will be available to non-retail investors on September 18, 2025, and to retail investors on September 19, 2025. According to the filing with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), the shares carry a…

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Waaree Energies incorporates three new subsidiaries
By September 15, 2025October 28, 2025

Waaree Energies Limited has announced the incorporation of three step-down subsidiaries through its wholly owned unit, Waaree Forever Energies Private Limited. According to the company’s filing on September 12, 2025, Waaree Forever Energies Four Private Limited and Waaree Forever Energies Five Private Limited were incorporated on September 10, with certificates received on September 11. Waaree Forever Energies One Private Limited was incorporated on September 12, with the certificate received the same day. The subsidiaries have…

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India | News | T&D

Waaree Energies buys stake in Kotsons, expands into transformer business
By September 4, 2025October 29, 2025

Waaree Energies Limited has acquired a 64 per cent equity stake in Kotsons Private Limited through a primary capital infusion of about Rs 192 crore. With this investment, Kotsons has become a subsidiary of Waaree Energies. The funds will be used to expand Kotsons’ manufacturing capacity to meet rising demand for transformers in domestic and international markets. Founded in 1979, Kotsons operates a transformer manufacturing facility in Alwar, Rajasthan, with an installed capacity of 4,000…

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Waaree Energies bags 452 MW solar module supply order in the US
By August 27, 2025August 27, 2025

Waaree Energies Limited announced that its wholly owned subsidiary, Waaree Solar Americas, has secured a 452 MW solar module supply order from a leading United States-based developer of utility-scale solar and energy storage projects. The order, dated 26 August 2025, will be executed during the financial years 2025-26 and 2026-27. Waaree confirmed that the contract is a one-time agreement and involves only the supply of modules. The name of the customer was not disclosed, but…

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Waaree Energies clarifies status of Enel Green acquisition
By August 20, 2025August 20, 2025

Waaree Energies has responded to reports on the possible collapse of its planned acquisition of Enel Green Power India, stating that the agreement remains under discussion. In a filing dated 19 August 2025, the company said it had signed a Share Purchase Agreement on 10 January 2025 with Enel Green Power Development S.r.l for the purchase of Enel Green Power India Private Limited. Waaree noted that while the agreement included standard terms and conditions, certain…

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