Waaree Solar Americas Inc., a subsidiary of Waaree Energies Limited, has announced an additional investment of $200 million in the United States. The announcement was made during the U.S. Department of Commerce’s SelectUSA Investment Summit held in Washington D.C. This new investment will focus on developing Battery Energy Storage solutions, aimed at improving technology and supporting the large-scale adoption of affordable clean energy across the country.
This investment builds on Waaree Energies Ltd.’s earlier commitment of up to $1 billion for the U.S. solar ecosystem, bringing the company’s total planned investment in the U.S. to $1.2 billion by 2028. The move is part of Waaree Group’s broader strategy to strengthen its presence in the American market while supporting the growing demand for cost-effective, renewable energy solutions.
As part of this expansion, Waaree Solar Americas expects to create between 300 to 500 new jobs in the coming years. Combined with the 1,500 jobs previously announced, the company’s total employment impact in the U.S. will range from approximately 1,800 to 2,000 jobs. This growth demonstrates the company’s commitment to not only clean energy innovation but also to economic development in the local communities where it operates.
Dr. Amit Paithankar, Wholetime Director and CEO, Waaree Energies Limited, said in a statement, “The additional $200 million investment in Battery Energy Storage will not only enhance our technological capabilities but also drive the mass-scale adoption of cost-efficient energy solutions across the USA. Our decision to invest was primarily driven by the significant market potential in the energy sector. We are proud to contribute to the economic development and job creation in the communities we serve.”
Waaree Group’s decision to invest in the U.S. was driven by the country’s large and dynamic energy market, as well as its leadership in technology, including artificial intelligence and data centers areas that require reliable, scalable power solutions. With solar power now recognized as the most affordable and quickly deployable source of energy, the company sees strong potential for further growth. In line with these goals, Waaree Solar Americas recently announced the expansion of its solar module manufacturing facility in Brookshire, Texas. The facility currently has a capacity of 1.6 gigawatts (GW) and will soon double to 3.2 GW, further strengthening the company’s role in supporting the U.S. clean energy transition.
