Waaree Renewable Technologies Wins 291 MW Solar EPC Order with 280 MWh Battery Storage
Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, has secured a significant Engineering, Procurement and Construction (EPC) order for a large-scale solar power project combined with battery energy storage.
The company informed the stock exchanges on August 28, 2026, that it has received a Letter of Award (LOA) for the execution of EPC works for a 291 MWp ground-mounted Solar PV project along with a 280 MWh Battery Energy Storage System (BESS).
According to the company’s regulatory filing, the LOA was received on August 28, 2026, at 12:21 PM IST.
Waaree Renewable Technologies Order: Key Details
The latest order includes:
- Company: Waaree Renewable Technologies Limited
- Parent company: Waaree Energies Limited
- Order type: Engineering, Procurement and Construction (EPC)
- Solar PV capacity: 291 MWp
- Battery Energy Storage System: 280 MWh
- Project type: Ground-mounted solar PV project
- Awarding entity: One of India’s thermal power generating companies
- Entity type: Domestic
- Nature of order: Commercial order
- Execution timeline: FY2027-28
- LOA received: August 28, 2026
- Related party transaction: No
- Promoter/group interest in awarding entity: No
291 MWp Solar Project with 280 MWh BESS
The latest order is notable because it combines 291 MWp of solar generation capacity with 280 MWh of battery energy storage.
The project therefore goes beyond a conventional solar EPC contract and includes a dedicated energy-storage component.
Battery Energy Storage Systems are becoming increasingly important as India’s renewable-energy capacity expands. Solar generation varies throughout the day, while battery storage can help improve the flexibility and availability of renewable electricity.
For WRTL, the project provides additional exposure to the growing solar-plus-storage infrastructure segment.
Project to Be Completed in FY2027-28
According to the company’s disclosure, the project is scheduled to be completed during financial year 2027-28, in accordance with the terms of the order.
The execution timeline means investors will likely monitor the company’s progress on engineering, procurement, construction and commissioning activities over the coming quarters.
Successful execution will be important for converting the order win into revenue and profitability.
Order Value Not Disclosed
One important point for investors is that Waaree Renewable Technologies has not disclosed the monetary value of the order in its August 28 regulatory filing.
The company has described the broad consideration as EPC work for:
291 MWp Solar PV + 280 MWh BESS
Therefore, investors should not assign a specific ₹ crore value to the order unless the company provides additional information.
The capacity of a solar or battery-storage project cannot by itself be used to accurately determine the contract value because project economics depend on equipment costs, EPC scope, technology, financing, procurement arrangements and other contractual terms.
Why the Order Is Important for Waaree Renewable Technologies
The latest LOA strengthens WRTL’s EPC order pipeline and increases its exposure to large-scale renewable-energy projects.
The inclusion of 280 MWh of battery storage is particularly relevant as India’s power sector increasingly focuses on integrating renewable energy with storage solutions.
The project also demonstrates demand for solar EPC capabilities from conventional power-generation companies as they expand into renewable energy.
For WRTL, continued wins in solar and storage could support its longer-term growth strategy, although the financial impact of this particular project cannot be quantified from the current disclosure because the order value has not been provided.
Solar + Battery Storage: Growing Opportunity
India’s renewable-energy transition is creating increasing demand for energy-storage solutions.
Large-scale solar projects generate electricity primarily during daylight hours. Battery storage can help shift electricity availability and provide greater flexibility to the power system.
The combination of:
291 MWp Solar PV + 280 MWh BESS
therefore represents an integrated renewable-energy project rather than a standalone solar installation.
For renewable-energy EPC companies, this creates an opportunity to participate in the emerging market for solar-plus-storage projects.
Positive Development for Waaree Renewable Technologies
From an investor perspective, the announcement is positive because it adds another large-scale solar EPC project to Waaree Renewable Technologies’ project pipeline.
The key positives include:
- 291 MWp solar EPC scope
- 280 MWh battery-storage component
- Domestic commercial order
- Project execution scheduled through FY2027-28
- No related-party transaction
- No promoter/group interest in the awarding entity
However, the absence of a disclosed order value means investors should focus on the project’s execution and future financial disclosures rather than attempting to estimate revenue from capacity alone.
What Investors Should Watch
Investors tracking WAAREERTL shares should monitor subsequent company disclosures for:
- Monetary value of the EPC contract, if subsequently disclosed
- Project commencement
- Engineering and procurement progress
- Solar module and equipment procurement
- Battery-storage technology and suppliers
- Revenue recognition
- Project completion milestones
- Impact on the company’s overall order book
The execution of the project within the FY2027-28 timeline will be particularly important.
Summary for Waaree Renewable Technologies Order
Waaree Renewable Technologies has received an LOA for EPC execution of a 291 MWp ground-mounted Solar PV project along with a 280 MWh Battery Energy Storage System.
The project has been awarded by one of India’s thermal power generating companies and is scheduled for completion during FY2027-28.
The order strengthens WRTL’s presence in the rapidly developing solar-plus-energy-storage market and adds to its renewable-energy EPC pipeline.
However, investors should note that the company has not disclosed the monetary value of the order in its latest stock-exchange filing. Therefore, the announcement should be viewed primarily as a significant project win and strategic expansion of the company’s EPC pipeline rather than a disclosed ₹ crore order.
Disclaimer
This article is provided for informational and educational purposes only and should not be considered investment, financial, legal, or tax advice or a recommendation to buy or sell shares of Waaree Renewable Technologies Limited.
The article is based on the company’s regulatory disclosure dated August 28, 2026. The company has not disclosed the monetary value of the EPC order in the cited filing, and no independent estimate has been presented as the order value.
The actual financial impact of the project will depend on execution, project costs, contractual terms, procurement, financing, commissioning and other factors. Investors should conduct their own research and review official company and stock-exchange disclosures before making any investment decision. Investors requiring personalised advice should consult a SEBI-registered investment adviser.