Waaree Renewable Technologies Limited has received a Letter of Award (LOA) for a major project involving Engineering, Procurement, and Construction (EPC) works for a Battery Energy Storage System (BESS). The project boasts a significant capacity of 200 MW / 500 MWh. This award is a key development for the company, bolstering its order book and indicating substantial future revenue streams from renewable energy infrastructure.
Major Project Awarded
Waaree Renewable Technologies Limited has announced the receipt of a significant Letter of Award (LOA) for a new Battery Energy Storage Project (BESS). The LOA signifies the company’s selection for the comprehensive Engineering, Procurement, and Construction (EPC) works associated with this vital energy infrastructure development.
Project Scale and Capacity
The awarded project is substantial, with a battery energy storage capacity of 200 MW and a storage duration of 500 MWh. This considerable scale underscores Waaree Renewable Technologies’ growing role in the energy storage sector and its capability to undertake large-scale renewable energy projects. The project was awarded by a leading Independent Power Producer (IPP) Company.
Timeline and Nature of Order
The project is scheduled for completion during the financial year 2027-28, as per the terms outlined in the LOA. The nature of this order is classified as a commercial order, and it has been awarded by a domestic entity. Waaree Renewable Technologies confirmed receiving the intimation and the Letter of Award on October 30, 2026, at 03:44 pm (IST).
Source: BSE
