India's Waaree to double its solar module output at its Texas factory
a year ago
- #manufacturing
- #tariffs
- #solar energy
- Waaree Energies is doubling its solar module manufacturing capacity in Texas to 3.2 GW.
- The expansion is part of a strategy to mitigate risks from potential 40% tariffs on India-made solar modules.
- Waaree plans to invest up to $1 billion to scale production to 5 GW in Texas by 2027.
- The company aims to become one of the largest solar panel manufacturers in the US.
- The US has imposed a total tariff of around 40% on solar modules imported from India.
- Waaree's CEO emphasizes commitment to powering America’s energy future despite global trade challenges.