Overview
- U.S. Customs and Border Protection initiated an Enforcement and Protect Act investigation into Waaree Energies and Waaree Solar Americas after an industry complaint.
- The American Alliance for Solar Manufacturing alleges Waaree mislabeled Chinese-origin crystalline silicon cells or modules as Indian to avoid long-standing AD/CVD orders.
- CBP imposed interim measures requiring cash deposits, with duty collection set retroactively to the June 20, 2025 initiation date of the case.
- Waaree said it will cooperate with authorities and highlighted its U.S. manufacturing footprint, including a Texas module plant expanding from 1.6 GW to 3.2 GW and a recent Meyer Burger asset purchase.
- Waaree’s shares fell about 7% as Indian exchanges sought clarification, while the probe unfolds against broader U.S. trade actions that have redirected solar supply chains toward India.