Waaree Energies reaffirms its dedication to U.S. manufacturing and regulatory compliance, highlighting its 1.6 GW solar module facility in Texas with expansion to 3.2 GW. Recent acquisitions from Meyer Burger underscore long-term investment in the American solar sector. Waaree is cooperating with U.S. authorities regarding a CBP inquiry, expecting no additional duties, and ensuring transparency.
Continued Focus on U.S. Market
Waaree Energies emphasizes the importance of the United States as a key market and manufacturing hub. The company operates a 1.6 GW solar module manufacturing facility in Texas through its subsidiary, Waaree Solar Americas Inc., and is expanding this capacity to 3.2 GW. The recent acquisition of U.S.-based manufacturing assets from Meyer Burger indicates a sustained commitment to the American solar sector and production capabilities.
Cooperation and Compliance
Waaree stresses its commitment to cooperating with U.S. authorities and adhering to all applicable laws and trade regulations. The company is actively engaged in an inquiry initiated by U.S. Customs and Border Protection (CBP) concerning certain entries. Waaree is fully cooperating and anticipates no adverse impact on duties. The company is working with CBP to ensure complete transparency and to take appropriate corrective action if needed.
Commitment to Integrity
Waaree Energies reiterates its confidence in its compliance posture and welcomes the chance to clarify all relevant facts. The company will continue to operate with integrity, strengthening its position both as a clean energy partner and as a growing domestic manufacturer in the U.S. market. Waaree reaffirms its strong commitment to the U.S. market.
Source: BSE
