Mumbai, 26th March 2024 — Waaree Solar Americas Inc., a player in the solar energy industry is planning to manufacture solar PV modules in the US and a subsidiary of Waaree Energies Limited, India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 (Source: CRISIL Report), is pleased to announce the appointment of Mr. Gordon Brinser as its new Chief Operating Officer (COO). He has extensive experience and has been working towards advancing US manufacturing capabilities.
In his role as COO, Mr. Brinser is expected to play a significant role in leading Waaree Solar Americas Inc’s operational functions, and executing strategic initiatives to enhance the company's market position. He has extensive experience and has been working towards advancing US manufacturing capabilities.
"The solar sector is an evolving market with the potential for significant and rapid growth in the coming years. This is the time to engage in this industry and contribute to moulding its future direction. I am extremely happy to be a part of Waaree Solar Americas Inc. and look forward to contributing to the company's mission of providing sustainable energy solutions." said Mr. Gordon Brinser, COO, Waaree Solar Americas Inc.
Formerly the Vice President of Operations at EnerSys, Mr. Brinser managed manufacturing sites, working towards aligning operations and the implementation of LEAN manufacturing programs. His appointment signifies a pivotal step forward for Waaree Solar Americas Inc. in the renewable energy sector.
About WAAREE Energies Limited (India)
Waaree Energies Limited ("WEL”) was founded in 1990. It is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 (Source: CRISIL Report). WEL commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life. WEL has four solar module manufacturing facilities in India, with international presence.
Disclaimer:
Waaree Energies Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the websites of the Company at www.waaree.com, SEBI at www.sebi.gov.in, the book running lead managers Axis Capital Limited, IIFL Securities Limited, Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and ITI Capital Limited, at www.axiscapital.co.in, www.iiflcap.com, www.jefferies.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.sbicaps.com, www.intensivefiscal.com and www.iticapital.in respectively, of the National Stock Exchange of India Limited at www.nseindia.com and of the BSE Limited at www.bseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP which may be filed with the Registrar of Companies, Maharashtra at Mumbai, in future including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI in making any investment decision.
This press release does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold (i) outside of the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur; and (ii) within the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act), pursuant to Section 4(a)(2) of the U.S. Securities Act. There will be no offering of securities in the United States.
For more information, visit Waaree.com
Waaree Group
Manasi Patni
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Email: manasipatni@waaree.com
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