Waaree Energies to build 3-GW module manufacturing facility in Texas
Waaree Energies said on Thursday that it will establish its first manufacturing facility in the US in Houston. The facility, located in Brookshire, will have an initial capacity to manufacture 3 gigawatts (GW) of solar modules annually by the end of 2024.
Waaree plans to invest up to $1 billion over the next four years to scale its annual module manufacturing production up to 5 GW by 2027, making it one of the largest solar module manufacturing facilities in the US, the company said.
It will also add an integrated US-manufactured solar cell facility that is expected to be operational by 2025. In total, Waaree’s new facility is expected to create over 1,500 jobs in the US at full capacity, it added.
Its ambitious expansion in the US benefits from the long-term supply agreement with SB Energy of 1 GW in construction, and more than 15 GW of solar and storage in development across the US.
