[SMM PV News] Waaree Solar Americas Invests $30M in United Solar for Traceable Polysilicon

Published: Mar 11, 2026 16:56

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Waaree Solar Americas has signed a $30 million agreement to purchase roughly 5.37 million Series B preferred shares in United Solar Holdings. The investment secures a long-term supply of 'fully traceable' polysilicon for Waaree's expanding US and global solar manufacturing operations. United Solar recently commenced production at its 100,000 metric ton plant in Oman's Sohar Freezone, a facility capable of supporting about 40 GW of annual module production. Backed by over $900 million in recent international debt funding, the Oman facility highlights the industry's growing focus on transparent upstream supply chains.

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