Waaree Energies Clarifies U.S. Customs Determination on Solar Module Imports

Waaree Energies Limited has issued a statement addressing a recent determination by the U.S. Customs and Border Protection (CBP) regarding its solar module imports (EAPA Investigation No. 8163). Key Clarifications & CBP Findings: No Chinese-Origin Cells: CBP expressly confirmed that Waaree did not export solar modules manufactured using Chinese-origin solar cells to the U.S. Full Cooperation: The company fully cooperated with the investigation—including an on-site verification of its Indian facility—and was not subject to any adverse inference. Limited Scope: CBP declined the petitioner’s request for a blanket evasion finding on all of Waaree's imports. The determination is strictly limited to a narrow subset of historical entries and is not a final adjudication. Strategic & Operational Impact: Business Continuity: Waaree assured stakeholders that its U.S. business operations, manufacturing, and customer deliveries remain completely unaffected and are functioning normally. Legal Recourse: The company retains the right to pursue a de novo administrative review and subsequent judicial review before the U.S. Court of International Trade. Waaree is currently evaluating all available legal remedies with its U.S. trade counsel. Outlook: This clarification significantly mitigates regulatory risks, affirming Waaree's compliance and manufacturing integrity. By validating the non-use of restricted Chinese cells and limiting the scope of the determination, the company is well-positioned to defend its remaining legal interests while maintaining its aggressive growth trajectory in the critical U.S. solar market. $WAAREEENER