WAAREE Energies Limited has announced the receipt of a substantial contract valued at approximately ₹1,173 crore. The contract is for the development of a 700 MW Solar and 700 MW/2800 MWh Energy Storage Solution (ESS) Renewable Energy Power Project in Solapur, Maharashtra. This significant award from the Solar Energy Corporation of India Limited (SECI) underscores WAAREE’s growing presence in large-scale renewable energy infrastructure development.
Major Renewable Energy Contract Awarded
WAAREE Energies Limited has been awarded a significant contract for the development of a comprehensive renewable energy project. The contract, valued at approximately ₹1,173 crore, is for a 700 MW Solar and 700 MW/2800 MWh Energy Storage Solution (ESS) Renewable Energy Power Project. This project is slated to be developed in Solapur, Maharashtra.
Key Project Details
The contracting entity for this substantial project is the Solar Energy Corporation of India Limited (SECI). The nature of the order is a one-time contract, with the Power Purchase Agreement (PPA) set to be valid for 25 years from the scheduled commencement of supply. This award represents a major step in WAAREE’s ongoing expansion and commitment to large-scale renewable energy solutions in India.
Source: BSE
