Waaree Renewable Tech secures new solar project worth Rs 232 crore – EQ
In Short : Waaree Renewable Technologies Ltd. has secured a ₹232 crore solar power project, reinforcing its position in India’s renewable energy sector. The contract involves engineering, procurement, and construction (EPC) of a solar plant, supporting India’s green energy goals. The project is expected to enhance Waaree’s portfolio and contribute to sustainable power generation. Further details on capacity and location remain undisclosed.
In Detail : Waaree Renewable Technologies Ltd on Wednesday said it has secured a new solar project worth Rs 232.30 crore from a domestic entity.
The 170 MW solar power project will be executed on a turnkey basis, covering comprehensive Engineering, Procurement, and Construction (EPC) services, along with long-term Operation & Maintenance (O&M), Waaree Renewable Technologies Ltd (WRTL) said in a statement.
WRTL has received a Letter of Award (LOA) for the execution of a ground-mounted solar power project with an installed capacity of 170 MW AC/255 MW DC, it said.
The project will contribute significantly to carbon offset efforts, reducing an estimated 225,000 metric tonnes of CO2 emissions annually which is equivalent to removing nearly 50,000 fossil fuel-powered cars from the roads each year.
WRTL is a subsidiary company of Waaree Group which has completed 10,000 solar projects with cumulative installation done for over 1.82 GW.
