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Home » News » Waaree Energies CEO: Committed to investing in United States

Waaree Energies CEO: Committed to investing in United States

Jessica BrownBy Jessica Brown Business
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The company is also looking for a separate land package for the solar cell unit.

The company is also looking for a separate land package for the solar cell unit. | Photo credit: Annegret Hilse

In spite of the uncertainties surrounding the “reprisal rates” announced by the Trump administration, where Energies Ltd said that it remains “compromised” to the promised investments of 1 billion billion in the United States includes the solar appleulation that carries the soul of the soul to solar manustulation to the solar rating of 5 solar gigawatts (GW).

“What really develops is the strategy that we have adapted a year ago. For all key geographies where there is a large market and where, because to establish, the best strategy is to have a manufacturing footprint. Even Bafode Fovods to double the capacity of our solar manufacturing unit in Texas in the United States at 3.2 GW of 1.6 GW,” said Amytkar, executive director (executive officer (executive officer (executive officer (executive officer United) in the United States or in the United States. Business line.

However, the company is silent with respect to the amount of investments that it plans to park to double its manufacturing capacity of solar modules in its Brookshire facilities in Texas, USA United) “, Paithar. “Paithar”.

“Depending on the tariff regime, we can decide to manufacture more in the US.” In our long -term plan, we have committed around ₹ 1 billion investments in the US.

The company is also looking for a separate land package for the solar cell unit. “We have not decided the capacity of solar cells for the US. And the location where the plant will arise. However, we will not build the solar cell plant in the existing facilities,” he said, that the company was examining varied sacrifices made by different states in the United States.

Order-book

Currently, the company has a book of orders or more than ₹ 47,000 million rupees or that 43 percent are from India, while the rest is from foreign clients. When asked if the company plans to capitalize on the 90 -day pause in the rates announced by the USA. And the fast track of their deliveries destined to be destined for customers in the United States, Paitankar said: “About 55 percent of us for US exports. And burn a book is exports and manageability and maneuvering books.

When asked if the company was looking at other export markets that are not the USA., The official said the company was looking at Europe, East, East, Africa and Australian markets. ‘We will take some steps to continue expanding our order book from a geographical perspective. In fiscal year 2026, our factories are fully reserved until March 31, 2026. We have a very complete order book dominated by India and the United States, “Paitankar added.

Posted on April 24, 2025

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