Waaree Invests $1B to Build US Solar Giant

• Waaree Energies is investing up to $1 billion to build a 3GW solar module manufacturing facility in Houston, USA - creating 1,500 jobs and supplying multi-GWs of solar modules over 5 years. Join the clean energy revolution!

Indian module manufacturer Waaree Energies has announced plans to set up a 3GW annual capacity solar module manufacturing facility in Houston, USA. The facility, which is due to be operational by 2024, will be further scaled up to 5GW by 2027, making it one of the largest solar module manufacturing facilities in the US. The investment of up to $1 billion is expected to create over 1,500 jobs in the US and Waaree have entered into a long-term supply agreement with US-based climate infrastructure and technology platform S.B. Energy, for the supply of multi-GWs of solar modules over the next 5 years. The facility will source most major components domestically, and Waaree are committed to developing clean energy in the US.

What Is Waaree's New $1 Billion Solar Module Facility in US?

• The 3GW solar module manufacturing facility in Houston, USA, is expected to be fully operational by 2024.
• The facility is projected to be scaled up to 5GW of production capacity by 2027.
• The investment from Waaree Energies will be up to $1 billion and is expected to create 1,500 jobs in the US.
• Waaree Energies has entered into a long-term supply agreement with US-based climate infrastructure and technology platform S.B. Energy, to supply multi-GWs of solar modules over the next 5 years.
• Most major components of the facility will be sourced domestically in the US.
• The new facility is part of Waaree Energies' commitment to developing clean energy in the US.