Waaree to set up $1-bn solar panel plant in US

Waaree Energies, the country’s largest solar module manufacturer, plans to invest up to $1 billion over the next four years to build a factory in Texas, US, which will produce 5 gigawatts (GW) of solar cells and panels.

Upon completion, it will be one of the largest solar module manufacturing facilities in the US, the company said on Thursday. The facility, located in Brookshire, Texas, will have the initial capacity to manufacture 3 GW of solar modules annually by 2024-end, it said.Waaree will also add an integrated US-made solar cell facility, which is expected to be operational by 2025.