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Waaree Energies Ltd. Expands Manufacturing Capacity & Strengthens Leadership

Waaree Energies Ltd., a leading name in the renewable energy sector, continues to drive growth and innovation. In a recent board meeting held on March 25, 2025, the company made key strategic decisions aimed at expanding its manufacturing capabilities and strengthening its leadership team.

Key Announcements from the Board Meeting

1. Expansion of Manufacturing Capacity

Waaree Energies has approved the establishment of an additional 1.6 GW module manufacturing line at its Brookshire unit in Texas, USA. This expansion reflects the company's commitment to global growth and meeting the rising demand for solar modules.

Additionally, the company will set up new manufacturing lines with a total capacity of 3.2 GW at its Chikhli plant in Gujarat, India. This move aims to bolster domestic production and contribute to India’s renewable energy goals.

2. Leadership Appointments

To strengthen corporate governance, the company appointed Mr. R.S. Loona as an Additional Non-Executive (Independent) Director for a five-year term, from March 26, 2025, to March 25, 2030. This appointment is subject to shareholder approval.

3. Completion of Jayesh Shah’s Term

The second term of Mr. Jayesh Shah, an Independent Director, concluded on March 25, 2025. With this, his tenure as an Independent Director came to an end at the close of business hours on the same day.

Waaree Energies: A Vision for Sustainable Growth

With its expansion plans and a robust leadership framework, Waaree Energies Ltd. is reinforcing its position as a key player in the solar energy industry. The increased manufacturing capacity will help cater to the growing global demand for solar panels while supporting clean energy initiatives.

The company's strategic focus on leadership and operational efficiency ensures sustainable growth, aligning with India's renewable energy vision and global sustainability goals.

About Waaree Energies Ltd.

Waaree Energies Ltd. is one of India’s leading solar module manufacturers with a strong global presence. Headquartered in Mumbai, the company has been a pioneer in advancing solar energy solutions worldwide.

For more details, visit www.waaree.com.

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