Pine Gate Renewables Inks Deal with Waaree Solar Americas for 500 MW+ Order of Domestically Manufactured Solar Modules

Investing in the American solar supply chain ensures clean energy remains secure, scalable, and cost-effective

ASHEVILLE, N.C. and BROOKSHIRE, Texas, June 5, 2025 /PRNewswire/ -- Today, Pine Gate Renewables and Waaree Solar Americas, a subsidiary of Waaree Energies Ltd., proudly announced a landmark order for 586 megawatts (MW) of domestically manufactured, high-efficiency solar modules. The transaction represents a $176 million investment in the American solar supply chain. Pine Gate will utilize the modules across four projects expected to place in service starting in 2026, underscoring the company's commitment to a safe and secure domestic solar supply chain.

"With rapidly rising energy demand, investing in the American solar supply chain ensures clean energy resources remain secure and cost effective," said Kim Osmars, Chief Operating Officer at Pine Gate Renewables.

Pine Gate's transaction lead and Senior Vice President John Kern also noted: "Building clean energy projects with domestically manufactured components enhances the value of those assets while supporting local jobs and a more robust domestic clean energy industry."

"This order is a testament to the trust companies like Pine Gate place in Waaree's technology, reliability, and commitment to sustainability," said Sunil Rathi, President at Waaree Solar Americas. "It also reinforces our mission to support the U.S. solar market with high-quality, domestically manufactured modules."

Waaree Solar Americas recently announced the expansion of its Brookshire, Texas manufacturing facility. The plant, which currently operates at a capacity of 1.6 GW, is set to double its output to 3.2 GW, further bolstering local job creation and energy independence. Prior to establishing its U.S. manufacturing base, Waaree had already supplied over 6 GW of solar modules from its Indian facilities to American customers, demonstrating a long-standing commitment to the U.S. market.

About Pine Gate Renewables
Pine Gate Renewables is a developer and owner-operator of renewable energy projects across the United States. Dedicated to delivering sustainability at scale, Pine Gate has over 30 GW of projects in its development pipeline, has closed approximately $10 billion in project financing and capital investment, and operates a fleet of over 2 GW of solar and storage assets. The company also provides services to over 7 GW of third party solar and storage assets through wholly owned subsidiary ACT Power Services. Pine Gate is proud to invest in the communities where we live, develop, and operate projects through corporate partnerships and charitable initiatives supported by the Pine Gate Community Impact Fund.

About Waaree 
Established in 1990, Waaree Energies Limited (WAAREE) is India's leading renewable energy company, accelerating the global energy transition. Headquartered in Mumbai, Waaree operates state-of-the-art manufacturing facilities with an installed capacity of ~15 GW for solar PV modules globally (including 1.6GW in Texas, USA). The company also has 5.4 GW of cell manufacturing facility with a planned capacity up to 15 GW. With presence across India and 25+ countries worldwide, Waaree offers innovative solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems. Committed to sustainability, Waaree empowers a greener future by delivering cutting-edge, cost-effective energy solutions

SOURCE Pine Gate Renewables