In a significant milestone that strengthens India’s global presence in the renewable energy sector, Waaree Energies Limited, a leading solar module manufacturer, has secured an international order to supply 599 MW of solar modules to a renowned US-based developer and owner-operator of utility-scale solar and energy storage projects.

This one-time export contract is a clear indicator of the growing global trust in Indian solar manufacturers, especially at a time when energy transition and sustainability are top global priorities.

A Strategic International Win for Waaree Energies

The contract was awarded by a prominent international customer engaged in utility-scale solar and energy storage projects across the United States. This is a noteworthy development, as the US market is one of the most advanced and competitive in the clean energy space.

The solar modules are scheduled for delivery in calendar year 2026, which points to the long-term nature of utility-scale renewable projects and Waaree’s role in the global clean energy supply chain.

Scope and Significance of the Deal

The order covers the supply of 599 MW of high-efficiency solar modules, marking one of Waaree's largest international contracts. The customer has selected Waaree for its technological expertise, proven track record, and competitive edge in solar PV manufacturing.

As per the company’s disclosure:

• Nature of contract: One-time order

• Contracting party: International entity

• Timeframe: Delivery expected within 2026

• No promoter involvement or related-party linkage

This clarity ensures that the order stands as a clean, independent, and arm’s-length transaction, reinforcing Waaree’s credibility on the global stage.

Waaree Energies: Strengthening Global Renewable Commitments

Waaree Energies is one of India's largest solar PV module manufacturers, with an annual capacity of several gigawatts and strong R&D capabilities. Over the years, it has emerged as a trusted partner for international clients, and this deal further underlines that strength.

This development aligns with India’s broader renewable energy ambitions and showcases ‘Make in India’ solar technology being deployed in global markets, especially in developed economies like the United States.

The 599 MW order also demonstrates Waaree’s ability to:

• Compete in international tenders

• Deliver to stringent technical specifications

• Meet global quality standards

• Support the growing clean energy ecosystem globally

Impact on India’s Renewable Energy Export Landscape

This contract contributes to India’s export numbers under the clean energy components category, helping reduce dependency on imports from traditional manufacturing hubs like China.

It also signals the increasing recognition of Indian companies as viable and scalable contributors to global energy transitions, especially in the solar module manufacturing domain.

Moreover, this move may inspire other Indian companies to ramp up their export strategies, potentially leading to:

• New jobs in manufacturing

• Increased foreign exchange earnings

• Technology partnerships with global energy giants

No Promoter or Related Party Interests

Importantly, the company has clarified that neither the promoters nor any promoter group entities have any involvement in the awarding US firm. This ensures that the order has been won based purely on merit, competitive pricing, and technical capability.

Also, since the contracting party is unrelated to Waaree in any financial or promoter capacity, this order does not fall within the realm of related party transactions.

Focus on 2026 Delivery and Long-Term Vision

While 2026 may seem distant, such long-term supply contracts are standard practice in large-scale solar and storage deployments. The gap allows the client to:

• Finalize project design and regulatory clearances

• Arrange infrastructure and installation

• Synchronise module delivery with construction timelines

This ensures smoother project execution and optimized logistics, both critical for utility-scale solar operations in the US.

Waaree’s ability to commit to such long-term delivery timelines reflects its robust production pipeline and reliable manufacturing capabilities.

Supporting India’s Green Economy and Manufacturing Goals

This win contributes to India’s strategic objective to become a global solar manufacturing hub under key initiatives like:

• PLI Scheme for Solar Modules

• Atmanirbhar Bharat (Self-Reliant India)

• Export promotion under India’s renewable energy policy roadmap

By supplying 599 MW of solar modules internationally, Waaree reinforces India's clean-tech credibility and supports the global energy transition towards net-zero targets.

The Bigger Picture – Accelerating Global Energy Transition

The contract also highlights a broader shift happening worldwide – a massive push towards clean, decentralised, and sustainable energy systems. Solar energy is at the heart of this transformation, and Indian companies like Waaree are emerging as crucial partners in this global effort.

As solar deployment scales rapidly across the world, especially in advanced economies, India’s strategic participation through such contracts will:

• Expand access to clean energy

• Reduce carbon emissions globally

• Strengthen climate diplomacy and industrial growth

Conclusion: A Defining Moment for Waaree and Indian Solar

This 599 MW export order is a significant achievement for Waaree Energies, demonstrating not just its technical excellence but also its growing stature as a global solar module supplier.

It’s a big win for India’s clean energy ambitions, showing how Indian companies can deliver at scale, on time, and with uncompromising quality — even to some of the most discerning clients globally.

The successful execution of this contract could open up new markets, inspire confidence among international buyers, and pave the way for future strategic collaborations in the clean tech space.

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