Rs 47,000 Crore Order Book: Solar Modules Manufacturer Bags International Order for Supply of 500-MW Solar Modules

Waaree Energies, a leading Indian solar solutions provider, has announced that its wholly-owned subsidiary, Waaree Solar Americas, secured an order on for the supply of 500MW solar modules. This significant international order comes from a renowned developer and owner-operator of utility-scale solar and energy storage projects across the United States. The modules are slated for delivery during the Financial Year 2026-27, further solidifying Waaree Energies' position in the global renewable energy market.

About the Company

Waaree Energies Limited, an Indian solar energy company, has been a significant player in the global solar industry since its inception in 1990. With an aggregate installed capacity of 15 GW, the company is India's largest manufacturer and exporter of solar PV modules. Waaree's product portfolio includes a diverse range of solar solutions, such as multicrystalline, monocrystalline, and advanced TOPCon modules. The company operates 5 manufacturing facilities in India. Waaree is expanding its facilities to reach 21 GW by 2027, including backwards integration into solar cells, ingot and wafer production.

The company has a market cap of over Rs 89,000 crore. As of March 31, 2025, Waaree Energies Limited boasts a substantial 25-GW or Rs 47,000 order book for solar PV modules, including domestic, export, and franchisee orders. The stock is up over 80 per cent from its 52-week low of Rs 1,808.65 per share.

Disclaimer: The article is for informational purposes only and not investment advice.