Waaree Solar Americas to invest about $30 million in polysilicon supplier

Waaree Energies says its US unit has agreed to invest about $30 million in United Solar Holding to secure a traceable polysilicon supply for its expanding North American manufacturing base.From pv magazine India Waaree Energies said its US manufacturing subsidiary, Waaree Solar Americas, has signed a binding term sheet to invest about $30 million in United Solar Holding Inc., a Cayman Islands-based polysilicon producer. The investment will be made through the subscription of about 5.37 million Series B preferred shares in United Solar Holding, with the transaction expected to close by Jan. 31, ...

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