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Informist, Tuesday, Aug. 26, 2025

 

By Shakshi Jain and Pallavi Singhal

 

NEW DELHI – Waaree Energies Ltd. Tuesday said the tariffs imposed by the US have not negatively impacted the company, thanks to its manufacturing presence within the US market.

 

"At this point in time, there are ways in which we can conduct business within the US, the most important mode that we have is we manufacture in the US...if the prevailing laws continue, which is you know the deemed place of origin, where the cell is manufactured, then yes, then it's making sure that you have the right supply chain," the company's Chief Executive Officer Amit Paithankar said on the sidelines of the 3rd Energy Summit by the Indo-American Chamber of Commerce. 

 

Paithankar further elaborated that the place of origin for solar panel cells and the P-N junction are currently the key areas of focus. "I could assemble the panel anywhere...Therefore, we are not affected," he said. 

 

Waaree Energies operates a 1.6 gigawatt solar module manufacturing plant in Brookshire, Texas, through its subsidiary Waaree Solar Americas Inc. The company plans to expand this facility with an addition of another 1.6 gigawatt capacity, as per a recent announcement. 

 

Earlier in the day, Waaree Energies said Waaree Solar Americas has secured a fresh order for supplying solar modules of 452 megawatt from a renowned US-based developer and operator of utility-scale solar and energy storage projects. Paithankar is, however, unsure if Waaree Energies has gained market share in the US due to its advantageous position amid the tariff developments. Although the company's order book continues to grow in the US, he added. 

 

In contrast, other players in the industry are facing challenges in navigating the current environment of uncertainty. For instance, Premiere Energies Ltd., another major player in the Indian renewable energy industry, has placed its expansion plans in the US on hold and shifted focus to the domestic market. 

 

"For the US plant, there is a lot of uncertainty. So, we have reduced our focus on the US temporarily, and we are diverting all our production to the Indian market," Premier Energies' Chief Business Officer Vinay Rustagi told Informist earlier in the day.

 

Shares of Waaree Energies ended 3.6% higher at INR 3,265.30 on the National Stock Exchange. Premier Energies' shares closed 0.7% higher at INR 1,011.20.  End

 

Edited by Subhojit Sarkar

 

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