Waaree Renewable Technologies Ltd (WRTL) announced that the value of its ongoing solar EPC (engineering, procurement, and construction) contract has been increased by ₹246.92 crore, bringing the total to ₹1,480.40 crore. The contract covers a 2,012.47 MWp ground-mounted solar photovoltaic project. All terms and conditions from the original agreement remain unchanged.
As per the company’s regulatory filing, the revised scope of work under the same contract was received on June 20, 2025. The project is being carried out for an Indian client, and the timeline for completion will be finalized jointly.
This update follows the company’s earlier announcement in November 2024, when it secured the initial contract for the large-scale solar project. Waaree also stated that the deal is not a related party transaction and that none of the company’s promoters or group companies have any interest in the client organization. Waaree Renewable Technologies has a strong track record, having successfully completed over 1.82 GW of solar EPC installations, with an additional 1.7 GW in projects under execution. The company also boasts a solid bidding pipeline of 23.37 GWp, positioning it for continued growth in the solar EPC space. Waaree has made significant strides in the data centre solar sector, an area with considerable growth potential.
The company’s comprehensive approach spans EPC, Operations & Maintenance (O&M), and solar project development, offering tailored solutions to a wide range of clients across industrial, commercial, and utility sectors. By enabling these sectors to adopt sustainable energy solutions, Waaree helps them achieve long-term cost savings while minimizing environmental impact.
From rooftop solar systems to large-scale solar farms, Waaree Renewable Technologies is making renewable energy more accessible, driving climate action, and generating substantial carbon offsets. Through its initiatives, the company helps prevent hundreds of thousands of metric tons of CO₂ emissions each year, delivering both environmental and economic benefits to its clients. As India’s clean energy sector grows, Waaree Renewable Technologies is positioned to lead the way with innovation, speed, and a clear purpose, helping the nation realize its goal of becoming a global leader in renewable energy.
Waaree Renewable Technologies Limited (WRTL), a subsidiary of the Waaree Group, leads the company’s Solar EPC business. With over 10,000 solar projects installed and a total of 1.82 GW in installations, Waaree is also a solar developer that finances, constructs, owns, and operates solar projects. Headquartered in Mumbai, Waaree operates across multiple geographies, focusing on long-term investments in the commercial and industrial customer segments. The company encourages the adoption of clean energy solutions to reduce carbon emissions and provides both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants).
