From pv magazine India
Waaree Energies, India’s largest PV module manufacturer, said this week that it will set up its first US manufacturing facility close to Houston, Texas. The solar module factory, to be built in the town of Brookshire, will have an initial annual production capacity of 3 GW by the end of 2024.
Waaree said it plans to invest up to $1 billion over the next four years to scale the US facility’s capacity up to 5 GW by 2027 – potentially making it one of the largest solar module factories in the United States.
The company said it will also add an integrated solar cell facility at the site. It plans to make it operational by 2025.
In total, Waaree’s new production plan is expected to create more than 1,500 total jobs, once it is at full capacity.
Waaree already has a major presence in the US solar market. It said it has supplied more than 4 GW of modules from its current Indian facility to US customers to date.
Waaree’s ambitious US expansion plan has the support of a long-term supply agreement with SB Energy, which has more than 2 GW of solar in operation, 1 GW under construction, and another 15 GW of solar and storage in development across the United States.
Waaree aims to supply multiple gigawatts of solar modules to SB Energy over the next five years, following the commissioning of the Brookshire facility, which is expected to be operational in 2024.
Most of the major components used for the production of the solar modules will be sourced domestically, said Waaree.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.