India’s Waaree Energies today announced that it will open its first US solar panel factory in the Houston area.
The large solar panel manufacturer, which already supplies panels to the US, will open its factory in Brookshire, just east of Houston. It will have the initial capacity to manufacture 3 gigawatts (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 its annual solar panel production to 5 GW by 2027, which would make it one of the largest solar panel factories in the US.
Waaree will also add an integrated US-made solar cell facility that’s expected to be operational by 2025. The company expects its new factory to create over 1,500 jobs in the US at total capacity.
Sunil Rathi, Waaree’s head of US…