Indian Solar Giant Roots in Texas: $1 Billion Factory to Light Up America

22 Dec 2023 CW Team

Waaree Energies, India's top solar panel maker, is setting down roots in the American sunbelt. The company announced today plans for its first U.S. manufacturing facility, a $1 billion investment slated to rise in Brookshire, Texas, just outside Houston.

Scaling Up American Solar Power

The initial phase, slated for completion by the end of 2024, will see the facility churning out 3 gigawatts (GW) of solar modules annually. But Waaree's ambitions stretch further: the company plans to ramp up production to 5 GW by 2027, positioning the Brookshire plant as one of the largest solar module factories in the United States.

Creating American Jobs, Powered by the Sun

Waaree's U.S. foray isn't just about panels ? it's about people too. The company expects its new facility to create over 1,500 jobs once fully operational, a welcome boost to the American solar workforce.

Building on Existing Ties

Waaree is no stranger to the U.S. solar market. The company has already supplied over 4 GW of modules to American customers from its Indian facilities. This new venture, however, marks a significant step towards domestic production, further strengthening Waaree's partnership with key players like SB Energy, a major U.S. renewable energy developer.

Sourcing for Sustainability

Waaree emphasizes its commitment to domestic sourcing, pledging to use mostly American-made components in its U.S. solar module production. This not only strengthens the local supply chain but also contributes to a more sustainable solar industry.

Waaree's U.S. expansion is a testament to the growing demand for clean energy solutions and the increasing prominence of solar power in the American energy mix. With its ambitious plans and focus on job creation and domestic sourcing, Waaree is poised to play a significant role in powering the U.S. transition to a sustainable future.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..