Waaree Solar Americas Receives 452MW Solar Modules Supply Order in US

Waaree Solar Americas, a subsidiary of India’s Waaree Energies, has secured a 452-megawatt (MW) order from an international developer and owner-operator of utility-scale solar and energy storage projects in the United States.

The order, disclosed in a regulatory filing, will see Waaree supply solar modules during the 2025-26 and 2026-27 financial years.

Meeting FEOC Rule To Serve the US Market 

The announcement follows the United States (US) Department of Energy (DOE) finalising its interpretive guidance on the statutory definition of a “foreign entity of concern” (FEOC) under the Bipartisan Infrastructure Law. The measure is designed to reduce reliance on FEOCs in battery supply chains while strengthening domestic and allied manufacturing.

According to the DOE guidance, an entity is considered an FEOC if it is “owned by, controlled by, or subject to the jurisdiction or direction of a government of a foreign country that is a covered nation.” Covered nations include China, Russia, Iran, and North Korea.

Waaree Energy Navigates FEOC Rules 

“The FEOC rules are quite exacting,” said Amit Paithankar, whole-time director and chief executive officer of Waaree Energies, during an investor call. “It extends to ownership, to the value chain and to where you buy your raw materials from. It’s a broad-based requirement, but it is good news for Indian manufacturers like us… as it ensures we are fully compliant and can serve the American market.”

Addressing concerns about imports from China, Paithankar stressed that Waaree’s supplies to the United States exclude inputs from FEOC-designated countries. “In the entire value chain—from polysilicon through ingots and wafers, to cells—everything is free of FEOC-linked material,” he said.

Expanding Beyond The US

He also talked about adding global capacity, which will be distributed all across the world that including the United States. Amit said, "The 25 GW that we should be in a position to serve our customers in India as well as our customers in the US. 

Amit Paithankar also shared Waaree Energies' plan to move beyond India and the United States. He said, "We are actually extremely keen to expand our base beyond India and the United States. Wherever the Indian government goes and signs a trade agreement, we see that as an opportunity, being a country based or headquartered in India. We are closely observing the geographies where, overall as a country, India is making its moves, and so we'll definitely try to follow those cues sent by the government."

Paithankar also talked about expanding beyond the Indian and the US markets. He said, "As far as the EU is concerned, we are constantly studying incentives which are available in various geographies, which include Germany, Italy, and other parts of the European Union. And as and when the opportunity presents itself, we will honestly jump onto it. From an EPC perspective, we have actually seen the Middle East and Africa offering us substantial potential to grow. So, in a nutshell, are we looking out for growth beyond India and the US? The answer is an absolute yes."