GRE Renew Enertech executed a ₹175 crore turnkey solar EPC contract with Solarium Green Energy on June 30, 2026. The contract covers the end-to-end structural development of a 50 MW AC / 65 MW DC ground-mounted solar plant alongside 36 months of dedicated operation and maintenance operations.
MUMBAI — Independent clean energy developer GRE Renew Enertech Limited announced the execution of a definitive Engineering, Procurement, and Construction (EPC) agreement with Solarium Green Energy Limited. The contract, formally executed on June 30, 2026, commits the infrastructure company to deliver a utility-scale ground-mounted solar photovoltaic project with an aggregate capacity of 50 megawatt (MW) AC or 65 MW DC. The domestic order marks an operational expansion for both clean energy companies within India's highly competitive grid-tied power market.
Turnkey Construction Framework Value Reaches ₹175 Crore
According to formal declarations filed with domestic corporate oversight channels, the aggregate commercial value of the executed contract stands at ₹175 crore, calculated exclusive of statutory applicable taxes. The financial structure of the transaction isolates two separate operational tranches to ensure clear accounting timelines over the lifecycle of the infrastructure setup.
The primary Engineering, Procurement, and Construction framework represents an allocation of ₹170 crore. This tranche handles all end-to-end site developments, physical structural mountings, civil engineering configurations, and comprehensive grid connectivity setups. The remaining balance of ₹5 crore is designated strictly for auxiliary Operation and Maintenance (O&M) protocols post-commissioning. This maintenance agreement extends over a fixed phase of three years (36 months), binding the engineering company to structural performance targets.
Detailed Infrastructure Scope and Ground-Mounted Execution
The technical framework established within the contract details the turnkey execution of a utility-scale solar facility optimized for commercial generation metrics. The design specifies a high DC-to-AC ratio, matching a 65 MW DC peak module installation against a 50 MW AC localized inversion output. This arrangement is widely leveraged across industrial grid stations to optimize input currents during off-peak solar hours and maintain continuous transmission efficiency.
The complete construction mandate covers the procurement of solar components, localized civil site clearing, mechanical tracker adjustments, high-voltage electrical transformer assemblies, and allied structural grid infrastructures. Both domestic enterprises confirmed that the project terms do not contain any unusual or extraordinary commercial stipulations, aligning directly with common performance parameters applied within India's utility-scale generation ecosystem.
Financial Context and Regulatory Confirmations
The infrastructure order follows a period of financial growth for GRE Renew Enertech. Corporate balance sheets filed for the fiscal year ended March 31, 2026 (FY26), recorded a Profit After Tax (PAT) of ₹136 million, reflecting a three-year compounded annual growth trajectory of approximately 147 percent. The addition of this single ₹175 crore transaction boosts the company's unexecuted order pipeline for the current fiscal period.
The transaction is classified legally under ordinary corporate operations and does not mark an expansion into unfamiliar commercial domains or unmapped business segments. Furthermore, the company clarified in its standard reporting that the award does not qualify under related-party transaction criteria, as no primary promoters or corporate group heads maintain any equity stake or structural interest within Solarium Green Energy Limited.
Official Sources Section
The underlying details concerning this transaction were verified using corporate statements submitted to public data repositories and explicit filings provided by the primary engineering board. The project tracking metrics correlate directly with recent utility allocations recorded under regional grid development plans supervised by the state distribution platforms.
Quote Section
"According to officials managing the infrastructural disclosure, this contract aligns cleanly with ongoing industrial expansions into high-capacity clean grids, providing robust revenue visibility over the upcoming execution window without shifting the company's base capital layout or altering its current operational risk indicators."
Why It Matters
For energy consumers, utility investors, and regional businesses, this commercial integration drives localized grid capitalization and speeds up clean capacity targets. The deployment of a 50 MW AC plant adds substantial green blocks to regional power networks, helping industrial hubs meet their green energy purchase obligations while insulating localized grid structures from supply variability via long-term O&M stability.
Key Facts at a Glance
Total Project Capacity: Formally scaled at 50 MW AC / 65 MW DC in a ground-mounted layout.
Aggregate Deal Value: Worth ₹175 crore, excluding all standard domestic taxes.
Capital Breakdown: Allocates ₹170 crore to the core EPC works and ₹5 crore to operational services.
O&M Service Horizon: Fixed for a standard period of 36 months following project initialization.
Execution Date: Agreement legally ratified and recorded on June 30, 2026.
FAQ Section
What is the precise role of GRE Renew Enertech in this project?
GRE Renew Enertech acts as the complete turnkey Engineering, Procurement, and Construction partner, taking full responsibility for civil engineering, component acquisition, power grid assembly, and subsequent three-year operations.
How does the capacity breakdown between AC and DC work for this site?
The facility will deploy 65 MW DC of solar module capacity linked to a capped 50 MW AC inversion system, allowing the plant to sustain higher power outputs during lower solar irradiance periods.
Is this transaction a related-party agreement for either firm?
No. Formal corporate declarations emphasize that the contract was executed entirely in the ordinary course of standard business, with no promoter groups or company directors holding cross-interests in the participating entities.
Source: GRE Renew Enertech Investor Relations Portal, Solarium Green Energy Limited Corporate Filings
