Waaree Renewable Technologies Secures 291 MWp Solar and BESS Project

MUMBAI, India — Waaree Renewable Technologies Limited (WRTL) has received a formal Letter of Award (LOA) to execute an engineering, procurement, and construction (EPC) contract for a 291 megawatt-peak (MWp) ground-mounted solar photovoltaic (PV) plant combined with a 280 megawatt-hour (MWh) Battery Energy Storage System (BESS). The regulatory disclosure, confirmed on August 28, 2026, marks an expansion of the company's clean energy project pipeline in India and reflects rising utility-scale demand for round-the-clock renewable generation assets designed to ensure grid stability across domestic transmission networks.

Project Scope and Technical Specifications

Under the terms of the awarded contract, Waaree Renewable Technologies will manage the complete lifecycle development of the installation. The mandate encompasses site survey and engineering design, equipment procurement, civil works, installation, testing, and final grid synchronization of the 291 MWp solar array alongside the integrated 280 MWh energy storage facility.

The solar PV component will deploy high-efficiency mono-crystalline or TOPCon solar modules designed to maximize direct-current yield across varied climatic conditions. The companion BESS installation will utilize lithium-ion battery chemistry equipped with liquid cooling systems, advanced battery management systems (BMS), and bi-directional power conversion units to regulate voltage and maintain operational frequency.

The integrated architecture enables solar power generated during peak daytime hours to be captured and dispatched during evening demand peaks, directly addressing renewable intermittency.

Grid Decarbonization and Energy Storage Integration

The integration of battery storage with solar PV represents an operational transition in India's clean energy sector. Historically, utility solar generation faced curtailment risks during low-demand midday intervals. By coupling 291 MWp of solar capacity with 280 MWh of storage capacity, the facility will function as a semi-dispatchable power supply unit.

This setup provides ancillary grid services, including frequency response, peak shaving, and ramp-rate control. According to industry guidelines from the Central Electricity Authority (CEA), co-located storage systems ease congestion on state and national transmission grids while providing regional distribution companies (discoms) with dependable baseline clean electricity during high-tariff evening windows.

Strategic Growth and Market Position

The award reinforces the market position of Waaree Renewable Technologies in the commercial, industrial, and utility EPC ecosystem. As the EPC arm of the broader Waaree Group, the company has built an aggregate execution portfolio exceeding 5 GW across ground-mounted, floating, and rooftop solar segments.

Securing a co-located solar-plus-storage contract of this scale strengthens the company's unexecuted order book, supporting multi-year revenue visibility. For financial analysts and institutional investors tracking the BSE-listed company, large-scale turnkey EPC wins in the storage segment demonstrate execution readiness for hybrid tender structures mandated by Indian energy procurement agencies.

Economic and Environmental Impact

Once commissioned, the 291 MWp solar installation and 280 MWh storage system will generate hundreds of thousands of megawatt-hours of clean electricity annually. The clean electricity generated will displace thermal coal-fired generation, abating significant metric tons of carbon dioxide emissions each year.

The development phase is expected to stimulate local employment across civil construction, electrical assembly, and infrastructure engineering, while the operational phase will support skilled technical roles in power plant maintenance and battery asset diagnostics.

Official Sources Section

Details of the project award and scope were reported pursuant to official statutory disclosures submitted by Waaree Renewable Technologies Limited to Indian stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. Additional reference metrics align with corporate filings published by the company's compliance office.

Quote Section

"According to officials, the contract award demonstrates our proven engineering and EPC capabilities in delivering complex, large-scale clean energy infrastructure that integrates solar generation with next-generation battery storage systems to support India's long-term energy transition."

Why It Matters

The project underscores the viability of grid-scale battery storage paired directly with photovoltaic generation in emerging markets. For industrial consumers and power utilities, utility-scale hybrid installations provide firm, scheduled clean power that reduces dependence on fossil fuels without destabilizing the national grid.

Key Facts at a Glance

• Awarded Entity: Waaree Renewable Technologies Limited (WRTL).

• Solar Capacity: 291 megawatt-peak (MWp) utility-scale ground-mounted solar PV.

• Storage Capacity: 280 megawatt-hour (MWh) Battery Energy Storage System (BESS).

• Contract Scope: Complete turnkey Engineering, Procurement, and Construction (EPC) services.

• Strategic Role: Enhances grid frequency management, peak-load dispatch, and renewable power reliability.

FAQ Section

What is the capacity of the new Waaree Renewable Technologies project?

The project features 291 MWp of solar photovoltaic generation capacity paired with a 280 MWh battery energy storage system (BESS).

What services will Waaree Renewable Technologies deliver under the LOA?

The company is responsible for turnkey EPC delivery, including design engineering, procurement of modules and storage hardware, civil construction, testing, and final grid connection.

Why is co-locating battery storage with solar PV necessary?

Co-locating battery storage allows surplus energy produced during sunny daytime hours to be stored and discharged during evening hours, preventing curtailment and stabilizing grid frequency.

How does this contract impact the renewable energy market in India?

The deal highlights the accelerating transition from plain vanilla solar plants toward dispatchable, round-the-clock clean energy installations backed by energy storage systems.

Source: BSE India Corporate Announcements, Waaree Renewable Technologies Investor Relations, National Stock Exchange of India Corporate Filings