Image Source: BW BusinessWorld
Waaree Renewable Technologies Ltd (WAAE.NS) entered into a Memorandum of Understanding (MoU) for a 100 MWp solar EPC (Engineering, Procurement, and Construction) project, further cementing its leadership position in India's renewable energy sector. The tie-up is an indication of Waaree's commitment to building clean energy infrastructure and delivering turnkey solar solutions across the country.
1. Project Scope & Strategic Significance
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The 100 MWp project will include turnkey EPC services that will cover design through engineering, procurement of materials and solar panels, construction, and commissioning.
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This MoU is the newest addition to Waaree's growing solar EPC contracts portfolio, succeeding recent achievements such as the 300 MW AC / 435 MW DC Rajasthan project.
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The project will make a major contribution towards India's renewable energy targets and help the nation transition to a low-carbon economy.
2. Company Momentum & Market Position
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Waaree Renewable Technologies has executed over 2.32 GW of solar EPC projects and is currently undertaking another 3.2 GW.
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The company continues to attract heavy-scale deals due to its technical strength, execution reliability, and firm industry connections.
With this MoU, Waaree continues to strengthen its role as a strategic enabler of India's solar mission, specifically within the utility and industrial segments.
Sources: Waaree Renewable Technologies, Moneycontrol, Waaree Blog
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