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Waaree Energies will build a solar module manufacturing facility will an initial capacity of 3 GW per year by Dec. 2024. It plans to ramp up the fab’s module capacity to 5 GW with an integrated 5 GW cell facility by 2027. The company has already secured an offtake contract with SB Energy.

Waaree Energies (Waaree), India’s largest solar PV module manufacturer, announced today it will establish its first US manufacturing facility in the Houston areas. The facility, located in the town of Brookshire, will have the initial capacity to manufacture 3 GW of solar modules annually by the end of 2024.

Waaree plans to invest up to $ 1 billion over the next four years to scale the US facility’s annual module manufacturing capacity up to 5 GW by 2027, making it one of the largest solar module manufacturing facilities in the US.

Waaree will also add an integrated solar cell facility that is expected to become operational by 2025.

In total, Waaree’s new facility is expected to create over 1,500 total jobs in the US when at full capacity.

Waaree already has a major presence in the US solar market. To date, it has supplied over 4 GW of modules from its current Indian facility to US customers.

Waaree’s ambitious U.S. expansion benefits from the long-term supply agreement with SB Energy, a leading climate infrastructure and technology platform with over 2 GW of solar in operations, 1 GW in construction, and another 15 GW+ of solar and storage in development across the U.S.

Waaree will supply multi-GWs of solar modules to SB Energy over the next five years following the commissioning of the facility, which is expected to be set up in 2024.

Most major components used in the manufacturing of these solar modules will be sourced domestically, stated Waaree.