Waaree Renewable Technologies Limited (WAAREERTL), a subsidiary of Waaree Energies Limited, has added another renewable energy project to its growing portfolio. On December 30, 2025, the company received a Letter of Award (LOA) for executing a new ground-mounted solar power project.
Project Scope and Execution
The contract covers Engineering, Procurement, and Construction (EPC) works and will be executed on a turnkey basis. This means Waaree Renewable Technologies will handle the entire project lifecycle—from design and sourcing of equipment to installation, commissioning, and final handover.
Project Type: Ground Mount Solar Power Project
Execution Model: EPC on a turnkey basis
Installed Capacity
The total aggregate capacity of the project stands at:
28.60 MWac / 39.80 MWp
This capacity addition further strengthens the company’s presence in India’s rapidly expanding solar energy market.
Order Value and Timeline
Contract Value: Approximately ₹96.51 crore (excluding taxes)
Completion Timeline: Within FY 2026–27
The defined execution schedule provides clear revenue visibility over the coming financial periods.
Awarding Entity and Governance
The project has been awarded by a domestic private limited company. Waaree Renewable Technologies has confirmed that:
The promoter group has no interest in the awarding entity.
The contract does not qualify as a related party transaction.
This ensures transparency and compliance with corporate governance norms.