Solar Surge: Waaree Bags Major MSKVY 2.0 Project, Illuminating India’s Green Ambitions

Waaree Renewable Technologies Limited (WRTL) has announced that it has been awarded a Letter of Award (LOA) for the Engineering, Procurement, and Construction (EPC) along with Operation and Maintenance (O&M) of a ground-mounted solar power project with a capacity of 21 MW AC / 29.4 MW DC. This project is part of the Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0), a government initiative aimed at promoting solar energy use in agriculture to provide daytime electricity to farmers and boost rural energy independence.

 

The order value stands at approximately INR 26.17 crore (excluding taxes). The project is scheduled to be completed within the financial year 2025-26, adhering to the terms of the contract. This development reinforces Waaree’s growing footprint in India’s renewable energy sector, particularly in domestic solar EPC projects.

 

This latest contract complements Waaree’s recent major wins, including a ₹114.22 crore LOA for a 94 MW AC / 131.6 MW DC solar project under the same MSKVY 2.0 scheme, reflecting the company’s strong execution capabilities and commitment to India’s renewable energy goals.

 

Key Highlights:

 

Project: Ground-mounted solar power plant, 21 MW AC / 29.4 MW DC capacity

 

Scope: EPC and O&M services

 

Order Value: Approx. INR 26.17 crore (excl. taxes)

 

Timeline: Completion by financial year 2025-26

 

Scheme: Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0)

 

Impact: Supports agricultural productivity and rural energy independence through clean solar power

 

Company Position: Strengthens Waaree’s leadership in India’s solar EPC market with multiple large-scale projects under MSKVY 2.0

 

Sunil Rathi, Executive Director of Waaree Renewable Technologies, emphasized the company’s commitment to delivering quality, speed, and scale in solar infrastructure, highlighting the importance of these projects in powering progress for rural India.

 

This contract win is a testament to Waaree’s technical expertise and trusted partnerships in the renewable energy sector, aligning with India’s ambitious solar capacity targets and sustainable development goals.

 

Source: Waaree Renewable Technologies Limited official announcements