Waaree Renewable Technologies Limited (WRTL) has announced the signing of a Letter of Award (LOA) for the execution of a 300MW/450MWp Ground Mount Solar Project, along with two years of operation and maintenance (O&M) services. The company disclosed the development through a regulatory filing dated June 8, 2026.
Key Highlights of the Project
According to the company, the EPC (Engineering, Procurement, and Construction) contract has been awarded by Sunsational Power Private Limited (SPPL), a domestic entity. Under the agreement, Waaree Renewable Technologies will be responsible for developing the large-scale solar power project and providing O&M services for two years after commissioning.
Project Details
| Particulars | Details |
|---|---|
| Awarding Entity | Sunsational Power Private Limited (SPPL) |
| Project Type | Ground Mount Solar Project |
| Capacity | 300MW / 450MWp |
| Scope of Work | EPC Services and 2 Years O&M |
| Nature of Order | Commercial Order |
| Execution Timeline | Scheduled for completion during FY 2026-27 |
| Entity Type | Domestic |
The project is expected to be completed during the financial year 2026-27, as per the terms of the contract.
Related Party Transaction
The filing also notes that SPPL is a subsidiary company of Waaree Renewable Technologies Limited, making the transaction a related-party transaction. The company has confirmed that the arrangement falls within related-party transaction norms and has been disclosed accordingly.
Strengthening Waaree’s Renewable Energy Portfolio
The latest contract further strengthens Waaree Renewable Technologies’ position in India’s growing renewable energy sector. With a capacity of 300MW/450MWp, the project adds another significant solar installation to the company’s execution pipeline and highlights its expertise in delivering large-scale solar EPC solutions.
As India continues to accelerate its transition toward clean energy, projects of this scale are expected to play a crucial role in expanding the country’s solar power generation capacity and supporting national renewable energy targets.