Waaree Renewable Secures 291 MWp Solar Project with 280 MWh BESS
Waaree Renewable Technologies Limited received a Letter of Award for EPC works on a 291 MWp Solar PV project and a 280 MWh Battery Energy Storage System. The project is scheduled for completion in FY 2027-28. The order was received from a domestic thermal power generating company.
Securing a large EPC contract for a solar project with a BESS component is a material development that is expected to significantly impact the company's revenue and market position.
The company has secured a significant new order for a solar PV project and BESS, which is a positive development for its business.
Waaree Renewable Technologies Limited (WAAREERTL) has received a Letter of Award (LOA) for the Engineering, Procurement, and Construction (EPC) of a ground-mounted Solar PV project totaling 291 MWp, along with a 280 MWh Battery Energy Storage System (BESS). The LOA was awarded by one of India’s Thermal Power Generating Companies.
The project is scheduled for completion during the financial year 2027-28. The announcement was made on August 28, 2026, at 12:21 pm (IST). This significant order falls under commercial contracts with a domestic entity, and Waaree Renewable Technologies Limited has confirmed that its promoters or group companies do not have any interest in the awarding entity, nor does it fall under related party transactions.
The company, a subsidiary of Waaree Energies Limited, is headquartered in Mumbai, Maharashtra.
A plain-language summary of a public exchange filing by Waaree Renewable Technologies Limited. Read the original for the full detail.