Waaree Energies Limited has announced that its wholly-owned step-down subsidiary, Waaree Forever Energies Four Private Limited, has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India Limited. The contract marks a significant milestone for the development of a 300MW Wind Power Project located in Dwarka, Gujarat. The agreement was officially executed on May 06, 2026, further expanding the company’s footprint in the renewable energy sector.
Strategic Expansion in Renewable Energy
As part of its ongoing growth strategy, Waaree Energies Limited has solidified its commitment to the wind energy segment. By entering into this Power Purchase Agreement, the company is set to develop a large-scale 300MW Wind Power Project. This project, situated in Dwarka, Gujarat, represents a crucial step in diversifying the company’s renewable energy portfolio beyond its core solar operations.
Details of the Power Purchase Agreement
The agreement was finalized through Waaree Forever Energies Four Private Limited, the company’s step-down subsidiary, in collaboration with the Solar Energy Corporation of India Limited. The PPA was formally executed on May 06, 2026. This project is expected to enhance the company’s operational capacity and contribute to the nation’s broader transition toward clean, sustainable energy sources.
Source: BSE
