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Waaree Energies Ltd announced that its U.S. subsidiary, Waaree Solar Americas Inc., will invest in United Solar to bolster its long-term supply chain capabilities. This strategic move aims to enhance manufacturing security, diversify sourcing, and ensure stable module supplies amid rising global solar demand and supply disruptions.
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Waaree Expands Global Footprint with Investment in United Solar
In a key strategic step, Waaree Energies Ltd said its subsidiary, Waaree Solar Americas Inc., plans to invest in United Solar. The investment aims to secure a robust and sustainable supply chain for solar modules and components to support its rapidly growing international operations.
According to the company’s regulatory filing, this initiative aligns with Waaree’s vision to expand its manufacturing base and strengthen U.S. partnerships to meet the increasing global clean energy demand.
Key Highlights:
Investment vehicle: Waaree Solar Americas Inc., the U.S. arm of Waaree Energies.
Objective: Strengthen long-term supply chain and ensure steady component availability.
Strategic partner: United Solar, a U.S.-based clean energy manufacturer.
Business impact: Expected to enhance supply security, operational efficiency, and international outreach.
Broader goal: Bolster Waaree’s position in the global solar manufacturing ecosystem.
Source: Company’s regulatory filing on BSE and NSE
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