Shares of Waaree Energies Ltd. surged nearly 7% after Waaree Solar Americas Inc., a wholly owned subsidiary, secured a major international order valued at $176 million for the supply of 586 megawatts (MW) of solar modules to a leading utility-scale solar and energy storage developer in the United States.

The order marks a significant milestone for the company’s global expansion plans. The modules will be supplied on a one-time basis, with deliveries scheduled to commence in the financial year 2026–27.

While the name of the customer remains undisclosed, Waaree described them as a “renowned customer” actively engaged in developing, owning, and operating utility-scale renewable energy projects across the US.

This large-scale contract further strengthens Waaree’s position as a key exporter of Indian solar technology and underlines its growing presence in the American renewable energy market. 

The order comes at a time when the global solar industry is witnessing robust demand, driven by the push for clean energy adoption and supportive policies across major economies. Waaree’s strong manufacturing capabilities and timely expansion into the US market appear to be paying off as it continues to scale operations globally.

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