🟢 At a Glance:
Waaree Energies’ US arm just bagged a 586 MW solar module order worth $176 million (~₹1,470 crore). Massive number? Yes. Immediate revenue? Not quite. Supply begins in FY2026–27. So the market clapped… then slowly sat back down.
📦 What’s the Deal?
- Subsidiary: Waaree Solar Americas
- Buyer: A “renowned US-based utility-scale solar and energy storage developer” (unnamed)
- Scope: One-time 586 MW module supply
- Value: $176 million (₹1,470+ crore at current FX)
- Start: FY2026–27 (not FY26)
- Duration: Not disclosed, but expected over multiple months
- Status: Binding supply order received
This is not a tender, not an MOU. It’s a real order. But it’s next year’s story.
📊 What 586 MW Means in Desi Terms
| Metric | Value |
|---|---|
| Panels Supplied | ~11.7 lakh solar panels |
| CO₂ Avoided | ~11.7 lakh tons over 25 years |
| Households Powered | ~1.2 lakh homes |
| Trucks Needed | Literally hundreds, maybe over 1,000 |
This isn’t rooftop solar. This is grid-scale energy disruption.
💵 Why $176 Mn Is Big (But Also Slow)
- Largest single order yet from US for Waaree
- Confirms its on-ground US presence is scaling
- Gives revenue visibility for FY27
- But won’t reflect in FY26 revenue or margins
Translation: stock may spike short-term, but fundamentals won’t change till next fiscal.
💼 The US Strategy Is Working
Waaree has been:
- Building local US partnerships
- Expanding its solar module manufacturing in India
- Targeting the IRA-linked utility-scale EPC space in the US
This order shows their door-knocking worked — they’re no longer chasing leads; they’re closing them.
🧠 EduInvesting Take:
Waaree just did what most Indian solar companies dream of: got a real American cheque for a real American solar project. $176 million is not pocket change, and 586 MW is legit utility-scale supply.
But the catch?
- Delivery is only in FY27
- Earnings impact will be delayed
- Buyer name not disclosed (not suspicious, just NDAs)
If you’re a long-term holder: 👏 Solid execution.
If you’re a short-term trader: 🤷♂️ Come back in FY26 Q4.
📌 TL;DR
- ✅ Waaree Solar Americas bags $176 Mn US order
- ✅ Supply of 586 MW solar modules for utility-scale project
- 🕒 Delivery begins FY2026–27
- 🔒 No promoter connection, no related party, clean deal
- 🧠 Huge credibility boost, slow revenue impact
Author: Prashant Marathe
Date: June 1, 2025
Tags: Waaree Energies US Order, Waaree Solar Americas, 586 MW Solar Modules, $176 Million Solar Contract, Indian Solar Exports, Renewable Energy India 2025, PSU Solar Stocks, EduInvesting Green Energy, FY27 Order Visibility
