Investment19 Dec 2025, 03:32 pm
Waaree Energies' Subsidiary to Invest USD $30 Million in United Solar Holding
AI Summary
Waaree Solar Americas Inc, a wholly owned subsidiary of Waaree Energies Ltd, has executed a Binding Term Sheet with United Solar Holding Inc. The subsidiary will subscribe to approximately 53,68,551 series B preferred shares of USH for a purchase price of approx. USD $30,000,000. This investment is a strategic step to strengthen Waaree's position in the solar industry and expand its manufacturing footprint in the USA and globally.
Key Highlights
- Waaree Solar Americas Inc to invest USD $30 Million in United Solar Holding Inc.
- Investment in series B preferred shares of USH.
- Strategic move to strengthen Waaree's position in the solar industry.
- Expansion of US and global manufacturing footprint.
- United Solar Holding is a leading producer of high-purity polysilicon.