Waaree Renewable Technologies Limited has announced the receipt of a Letter of Award (LOA) for an Engineering, Procurement, and Construction (EPC) project. The contract involves a ground-mounted Solar PV project of 291 MWp capacity, along with a 280 MWh Battery Energy Storage System (BESS). The project is scheduled for completion during the financial year 2027-28. This significant award enhances the company’s order book and strengthens its position in the renewable energy sector.
Major Renewable Energy Project Secured
Waaree Renewable Technologies Limited has received a significant Letter of Award (LOA) for a new renewable energy project. This award confirms the company’s role in executing Engineering, Procurement, and Construction (EPC) works for a ground-mounted Solar PV project with a capacity of 291 MWp. In addition to solar power generation, the project also includes the development of a substantial 280 MWh Battery Energy Storage System (BESS).
Project Details and Timeline
The LOA was received on August 28, 2026, and signifies a key advancement for Waaree Renewable Technologies. The project is set to be completed within the financial year 2027-28, as per the agreed terms. The details of this significant order, awarded by a domestic thermal power generating company, were disclosed in accordance with regulatory requirements.
Commercial Significance
The scope of work encompasses the entire EPC lifecycle for both the Solar PV and BESS components. This substantial project underscores the company’s growing capabilities and its role in supporting India’s transition towards cleaner energy sources. The order size is substantial, contributing positively to the company’s order book and future revenue streams.
Source: BSE
