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Waaree Renewable Technologies Expands Mega Solar Project to ₹14.8 Billion, Receives Enhanced Order for 2,012 MWp

Updated: June 20, 2025 18:42

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Waaree Renewable Technologies Ltd (WRTL) has announced a significant boost in its order book, with the value of its flagship solar project rising by ₹2.47 billion to a total of ₹14.8 billion. The company has received a revised scope for its massive 2,012.47 MWp ground-mount solar PV project, further cementing its position as one of India’s leading solar EPC players.
 
Key Highlights:
  • Order Value Enhanced: The total order value for the 2,012.47 MWp solar project has increased by ₹2.47 billion, now standing at an impressive ₹14.8 billion. The project, awarded by a major domestic renewable energy developer, is one of the largest of its kind in India and will be executed on a turnkey basis.
  • Revised Project Scope: The enhanced scope covers engineering, procurement, and construction (EPC) for the entire 2,012.47 MWp DC capacity. The project will also include advanced operational features such as robotic cleaning systems and a 33/220 kV pooling substation, ensuring high efficiency and reduced maintenance costs.
  • Recent Wins and Growth: This order follows a string of major project wins for Waaree, including a 435 MW DC solar EPC order and a 94 MW AC/131.6 MW DC project under government schemes. The company’s total income for FY2024-25 surged by 83% to ₹16.13 billion, with net profit rising nearly 58% to ₹2.29 billion, reflecting robust demand and execution capabilities.
  • Industry Impact: With this expanded order, Waaree Renewable Technologies is set to play a pivotal role in India’s renewable energy transition, supporting both national clean energy targets and the growth of sustainable infrastructure.
Waaree’s ability to secure and expand such large-scale projects highlights its leadership in the solar EPC sector and its commitment to driving India’s green energy ambitions.
 
Sources: Times of India, PV Magazine India, Economic Times, Powerline

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