Waaree Renewable Technologies Ltd (WAAREERTL) announced on March 25 that it has secured a Letter of Award (LOA) from Waaree Energies Limited for the Engineering, Procurement, and Construction (EPC) of a 170 MW AC / 255 MW DC ground-mounted solar power project, including Operation and Maintenance (O&M) services.
The project, valued at approximately ₹232.30 crore (excluding taxes), will be executed on a turnkey basis and is expected to be completed by FY 2025-26. This contract marks a significant step in Waaree Renewable Tech’s expansion within the solar EPC sector. Waaree Energies Limited, the promoter entity of WAAREERTL, awarded the contract.
In addition to the 170 MW project, Waaree Renewable Technologies, as part of a three-member consortium, has also received an LOA for the EPC of a 125 MW AC (181.3 MWp DC) solar power project. This contract, valued at approximately ₹740.06 crore (inclusive of taxes), covers both turnkey execution and O&M services.
The order was granted by a prominent power distribution company. Specific arrangements within the consortium will be finalized at a later stage, and the project will be executed on a turnkey basis, highlighting the company’s continued expansion in the renewable energy sector.
Waaree Renewable Technologies Ltd, a subsidiary of Waaree Group, leads the company’s Solar EPC business. The group has installed over 10,000 solar projects, with a total capacity exceeding 1.82 GW. Waaree is also a developer of solar energy, financing, constructing, owning, and operating solar projects. Based in Mumbai, Waaree operates across multiple regions, focusing on long-term investments within the commercial and industrial segments.
The company is committed to providing clean energy solutions through both on-site solar systems (rooftop and ground-mounted) and off-site solar farms (open access solar plants). Waaree Group encourages individuals, industries, and commercial entities to adopt energy solutions that reduce carbon emissions.
