WAAREE Energies has announced the incorporation of a new wholly-owned subsidiary, Waaree Forever Energies Three Private Limited, on September 24, 2025. This new entity will operate under the Independent Power Producer (IPP) framework. The subsidiary will facilitate the holding of specific power projects under the IPP structure, expanding WAAREE’s reach in the renewable energy sector. The incorporation was formalized with the Certificate of Incorporation received on September 25, 2025.
Subsidiary Incorporation
WAAREE Energies has incorporated a new step-down subsidiary named Waaree Forever Energies Three Private Limited on September 24, 2025. This entity is a wholly-owned subsidiary of Waaree Forever Energies Private Limited, which itself is a wholly-owned subsidiary of WAAREE Energies.
Strategic Intent
The newly formed entity will function as an Independent Power Producer (IPP). This strategic move will allow WAAREE Energies to further its capabilities in project facilitation. Waaree Forever Energies Three Private Limited is designed to hold specific power projects developed under the IPP framework, enhancing the company’s focus on renewable energy initiatives.
Operational Status
As of September 25, 2025, Waaree Forever Energies Three Private Limited is in its initial phase and is yet to commence its business operations. This incorporation will enable WAAREE Energies to focus on expanding and managing power projects, strengthening the company’s presence in the renewable energy sector.
Source: BSE
