Waaree Energies Signs $30 Million Term Sheet With United Solar Holding

Waaree Energies Ltd, one of India’s leading solar energy companies, has taken a significant step toward expanding its international footprint. The company confirmed that its unit has signed a term sheet with United Solar Holding for a $30 million transaction. This strategic move underscores Waaree’s commitment to scaling renewable energy solutions and building strong global alliances.  

Key highlights from the announcement include  

• The deal is valued at $30 million, reflecting Waaree’s aggressive push in renewable energy investments.  
• The agreement was executed through Waaree’s subsidiary, ensuring operational focus and financial structuring.  
• United Solar Holding will collaborate with Waaree to strengthen solar infrastructure and accelerate clean energy adoption.  
• The partnership is expected to enhance Waaree’s global presence, particularly in emerging renewable markets.  
• Industry experts view the deal as a milestone in India’s renewable energy sector, highlighting growing international interest in domestic solar companies.  
• Waaree continues to expand its portfolio, with recent projects focusing on solar modules, EPC services, and large-scale installations.  

The $30 million term sheet positions Waaree Energies as a key player in driving India’s renewable energy ambitions while fostering international cooperation in sustainable power generation.  

Sources: Waaree Investor Relations, WWIPL Financials, Waaree Renewable Technologies Investor Presentation