Waaree unit acquires minority stake in United Solar Holding

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 company. The purchase of Series B preferred shares indicates that the transaction represents a minority stake investment rather than a full acquisition.

Such a structure provides Waaree Solar Americas Inc. with a financial interest and potential strategic involvement in the company while allowing United Solar Holding to remain independently operated.

Expansion in the US solar market

The investment aligns with WEL’s ongoing efforts to expand its presence in the United States solar market. The company has been increasing its manufacturing capacity in the country as part of its broader international growth strategy.

The stake in United Solar Holding Inc. reflects a wider trend of strengthening Waaree’s footprint in one of the world’s largest solar markets.

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