Sunny Outlook: Waaree Renewable Bags EPC Order for 124 MWp Solar Project

MUMBAI — Waaree Renewable Technologies Limited announced that it has officially received a Letter of Award (LOA) for the execution of comprehensive engineering, procurement, and construction (EPC) works for a ground-mounted solar photovoltaic project.

The new contract covers a total capacity of 124 MWp, reinforcing the company's standing in India's expanding clean energy sector. The latest project acquisition highlights ongoing corporate efforts to scale utility-scale solar infrastructure and support national renewable energy deployment objectives.

Expanding Solar Infrastructure and EPC Capabilities

Under the terms of the award, Waaree Renewable Technologies will manage the end-to-end realization of the ground-mounted solar photovoltaic project, which translates to a capacity of 124 MWp. The scope involves comprehensive design, equipment procurement, site installation, and grid synchronization services structured to optimize long-term power generation efficiency.

Industry analysts note that utility-scale EPC contracts of this magnitude contribute significantly to expanding domestic clean energy capacity. By deploying advanced photovoltaic modules and optimized tracking infrastructure, the project is designed to maximize energy yield and support regional decarbonization targets.

Execution Standards and Regulatory Compliance

The project will proceed in alignment with standard statutory and regulatory frameworks governing renewable energy deployment. Corporate filings submitted to stock exchanges confirmed that project execution will adhere to rigorous quality and safety benchmarks.

• For Investors: Consistent contract inflows strengthen the company's unexecuted order book and provide reliable visibility on mid-term revenue streams.

• For Commercial Partners: Turnkey EPC execution ensures predictable deployment timelines and adherence to technical grid connection codes.

• For the Energy Sector: Large-scale solar installations accelerate the transition toward clean power generation, reducing carbon intensity across industrial corridors.

Quote Section

"According to officials, receiving the Letter of Award for the 124 MWp solar project underscores the company's technical capabilities in delivering utility-scale renewable energy infrastructure with precision and reliability."

Why It Matters

The acquisition of the 124 MWp solar project contract highlights the steady commercial demand for reliable renewable energy contractors in India. For industrial consumers and utility providers, partnering with experienced EPC operators ensures that large-scale photovoltaic systems are commissioned efficiently, supporting grid stability and long-term energy cost predictability.

Key Facts at a Glance

• Project Scale: Waaree Renewable Technologies secured a Letter of Award for a 124 MWp ground-mounted solar photovoltaic project.

• Core Scope: Full-scale engineering, procurement, and construction (EPC) services delivered on a turnkey basis.

• Sector Focus: Expands India's utility-scale clean energy generation footprint and strengthens domestic renewable infrastructure.

• Corporate Disclosure: Officially communicated through regulatory filings submitted to stock exchange platforms.

Frequently Asked Questions

What is the capacity of the solar project awarded to Waaree Renewable Technologies?

The awarded solar photovoltaic project has a total capacity of 124 MWp.

What does the scope of work entail?

The contract involves complete engineering, procurement, and construction (EPC) works for the ground-mounted solar installation.

How does this impact the company's portfolio?

Securing utility-scale contracts reinforces the company's market position and expands its active project execution pipeline.

Where were the details of the contract officially disclosed?

The award details were formally published through regulatory corporate filings on national stock exchange platforms.

Source: Waaree Renewable Technologies Corporate Announcements and Regulatory Disclosures, National Stock Exchange of India (NSE) Corporate Filings, Ministry of New and Renewable Energy, Government of India