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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A lawsuit in the US threatens to eclipse a significant chunk of the overseas business done by India's biggest solar panel manufacturer, putting its investors at grave risk.
On 22 January, Waaree Energies began commercial operations at its first solar panel manufacturing plant in the US. Within a fortnight, it was sued for patent infringement.
The 7 February lawsuit, filed in the US District Court for the Southern District of Texas by China's JinkoSolar, alleged that Waaree Solar Americas was making, selling and importing solar panels based on a technology for which it held the patent in the US. The complaint was filed through Jinko’s subsidiaries Shanghai Jinko Green Energy Enterprise Management and Zheijian Jinko Solar Co. Waaree Energies, the India-listed parent of Waaree Solar Americas, was …
