India’s Waaree Energies to launch Australian subsidiary

December 9, 2024
Facebook
Twitter
LinkedIn
Reddit
Email
A Waaree manufacturing plant.
Waaree submitted a filing to the National Stock Exchange of India revealing the new subsidiary. Image: Waaree.

Indian solar module manufacturer Waaree Energies has formed an Australian wholly-owned subsidiary called Waaree Renewable Energies Australia Pty Limited.

In a filing submitted to the National Stock Exchange of India published on Friday (6 December), the company confirmed that the new entity was incorporated on the same date.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Little detail on the Australian subsidiary is available, but the company will be dedicated to renewable energy and focus solely on the Australian renewables market.

The new subsidiary comes as Australia and India increasingly grow closer in securing each respective energy transition. The India-Australia Renewable Energy Partnership (REP) launched at the Group of 20 (G20) summit in Rio de Janeiro, Brazil, in November.

The REP aims to provide the framework for practical cooperation in priority areas such as solar PV, green hydrogen, energy storage, two-way investment in renewable energy projects and upgraded skills training for the future renewable energy workforce.

Waaree, headquartered in Mumbai and recognised as India’s largest solar PV module manufacturer, claims to have a solar module manufacturing capacity of 12GW. Some of this capacity has been granted through its solar manufacturing subsidiary Indosolar, which earlier this year started operations at a 1.3GW module assembly plant in the industrial hub of Noida, in the northern Indian state of Uttar Pradesh. The technology used for the production of the modules has not been disclosed.

The company has also announced plans to build a 3GW manufacturing plant in the US state of Texas, which can later be expanded to an annual capacity of 5GW, as it looks to help meet the world’s growing demand for new solar modules.

Moreover, Waaree has secured several supply agreements in India, including a 445MW bifacial module supply with Norwegian energy company Statkraft’s Indian subsidiary. In June, Waaree signed a 412.5MW p-type bifacial module supply with Juna Renewable Energy, a subsidiary of Spanish power company Acciona Energía.

Read Next

October 24, 2025
The Saudi state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.
Sponsored
October 23, 2025
Tongwei's rooftop-focused TNC 2.0 G12R-48 module will be among the products on show at All Energy Australia next week.
October 23, 2025
Spanish power electronics specialist Ingeteam has won a contract to supply inverters and control systems for European Energy Australia's 100MW Winton North solar-plus-storage project in northeast Victoria.
October 23, 2025
Powerlink Queensland is seeking federal approval to expand its existing 330kV Bulli Creek Substation in Southern Queensland to accommodate the grid connection of Genex Power's 775MW Bulli Creek solar PV power plant.
October 23, 2025
Queensland's rooftop solar systems have exceeded 5GW of output for the first time, marking a milestone in Australia's solar expansion.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal