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What is the story about?
Waaree Energies Limited, on Friday, announced that it had received a new order for the supply of 140 MW of solar modules from a domestic renewable energy developer. The company disclosed on November 28, 2025, that the supply will be executed as a one-time arrangement during the 2025–26 financial year.
The commercial value of the order has not been revealed. Waaree said the customer is an Indian entity active in owning, developing, and operating renewable power projects, and clarified that the deal does not involve any promoter or related-party transactions.
The order adds to Waaree’s pipeline of recent contracts. The company earlier secured a 350 MW order from AMPIN Energy Transition for high-efficiency G12R TOPCon modules, with deliveries scheduled for completion by March 2026. It also received a 360 MW module-supply order from an undisclosed utility-scale solar and energy-storage developer.
In October, Waaree won three additional domestic orders of 220 MW, 210 MW and 140 MW from customers engaged in renewable power development. Its U.S. subsidiary, Waaree Solar Americas, separately obtained orders to supply 122 MW of modules to a utility-scale solar and storage developer.
Waaree currently has a manufacturing capacity of about 16.7 GW of solar modules and 5.4 GW of solar cells. Its order book stands at roughly 24 GW, valued at around ₹470 billion (~$5.35 billion).
These developments come as India continues to scale up domestic solar manufacturing. The country added 44.2 GW of module capacity and 7.5 GW of cell capacity in the first half of 2025, driven by a large solar project pipeline of 186 GW for 2025–27.
The commercial value of the order has not been revealed. Waaree said the customer is an Indian entity active in owning, developing, and operating renewable power projects, and clarified that the deal does not involve any promoter or related-party transactions.
The order adds to Waaree’s pipeline of recent contracts. The company earlier secured a 350 MW order from AMPIN Energy Transition for high-efficiency G12R TOPCon modules, with deliveries scheduled for completion by March 2026. It also received a 360 MW module-supply order from an undisclosed utility-scale solar and energy-storage developer.
In October, Waaree won three additional domestic orders of 220 MW, 210 MW and 140 MW from customers engaged in renewable power development. Its U.S. subsidiary, Waaree Solar Americas, separately obtained orders to supply 122 MW of modules to a utility-scale solar and storage developer.
Waaree currently has a manufacturing capacity of about 16.7 GW of solar modules and 5.4 GW of solar cells. Its order book stands at roughly 24 GW, valued at around ₹470 billion (~$5.35 billion).
These developments come as India continues to scale up domestic solar manufacturing. The country added 44.2 GW of module capacity and 7.5 GW of cell capacity in the first half of 2025, driven by a large solar project pipeline of 186 GW for 2025–27.
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