**Waaree Energies Says US Solar Tariff Investigation Won’t Affect Its Investment Plans**
*New Delhi:* A recent US investigation into potential solar tariff evasion will not impact Waaree Energies’ investment plans, including the expansion of its Texas facility and its exploration of solar cell manufacturing capabilities in the rapidly growing and strategic US market, the company stated on Sunday.
Waaree Energies is one of the largest vertically integrated companies in the manufacturing of solar modules, which convert sunlight into electricity. The company currently has an operational capacity of 13.3 GW in India. Earlier this year, in January, Waaree commenced operations at its solar module manufacturing plant in Houston, Texas, with an initial installed capacity of 1.6 GW. The Texas facility is planned to be expanded to 3.2 GW by the fiscal year 2027.
Last week, US customs officials launched an investigation into whether Waaree circumvented tariffs on Chinese-made solar cells and panels by falsely labeling them as manufactured in India.
In response, Waaree stated, “The investigation has no impact on our investment plans. The Texas plant expansion from 1.6 GW to 3.2 GW is already underway.”
The company highlighted that its recent acquisition of the US-based Meyer Burger assets further strengthens its long-term manufacturing footprint in the country. “The United States is a high-growth, strategic market for Waaree, and we continue to invest in local jobs, technology, and capacity,” it added.
Waaree Energies reaffirmed its commitment to the US market, both as a clean energy partner and as a growing localized manufacturer. In a written Q&A with PTI, the company said, “We will continue to operate with integrity and provide all required information to the US Customs and Border Protection (CBP) in its ongoing inquiry.”
“As a responsible corporate citizen, we have consistently complied with all applicable local laws and regulations,” the company said. It also shared that its internal assessment indicates no material duty exposure and that it is engaging transparently with CBP throughout the process.
Importantly, Waaree confirmed there has been no operational disruption so far, and US manufacturing operations and customer deliveries continue as planned. “Based on our current assessment, we do not expect any material financial impact from this inquiry,” the company said.
The demand in the US solar market remains extremely strong and is expanding rapidly, making it one of the most lucrative clean-energy markets globally. Waaree noted that its diversified global supply chain combined with its domestic US production offers natural insulation from geopolitical or policy shocks, ensuring business continuity.
When asked about manufacturing solar cells in the US, Waaree identified backward integration as a key strategic priority. “In India, we have already built significant solar cell manufacturing capability and are exploring similar opportunities in the United States,” the company stated.
“We are evaluating options for US cell manufacturing in line with policy incentives and market demand, and any future investments will support our goal of becoming a holistic clean-energy transition company serving US customers end-to-end.”
Waaree Solar Americas primarily serves the US market through its Texas manufacturing facility, which currently operates at 1.6 GW while expansion to 3.2 GW is underway, thereby reducing reliance on imports.
“Where imports are required, we maintain a diversified supply chain across multiple countries to avoid any single-source dependence, and all such imports strictly comply with US trade regulations, including anti-dumping/countervailing duty (AD/CVD) rules and rules of origin,” Waaree explained.
The company added, “Our long-term strategy is to progressively localize more production within the United States to further reduce import needs. Detailed country-wise volumes are provided to regulators as required, though not disclosed publicly for competitive reasons.”
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https://www.freepressjournal.in/business/us-investigation-into-solar-tariff-evasion-will-not-impact-waaree-energies-investment-plans-propelling-exploration-of-manufacturing-capability