Waaree Wins 291 MWp Solar-BESS EPC Project in India

Waaree Renewable Technologies has secured a pivotal Letter of Award (LoA) for an engineering, procurement, and construction (EPC) project. This substantial contract involves a ground-mounted solar PV plant coupled with a battery energy storage system, marking a significant win for the company.

Key Project Details and Scope

The LoA, received from one of India’s Thermal Power Generating Company, outlines a comprehensive renewable energy solution. The project’s specifications highlight Waaree’s capacity for large-scale integrated deployments.

• The solar PV component holds a substantial capacity of 291 MWp.
• An accompanying Battery Energy Storage System (BESS) is rated at 280 MWh.
• The entire EPC work is slated for completion during the financial year 2027-28.

Strategic Alignment and Market Position

This award strongly aligns with Waaree Renewable Technologies’ core business, which centers on renewable equipment. The company is known for offering solar PV modules, batteries, and other essential solar products, making this project a natural extension of its expertise.

The integration of a significant BESS component within the project is particularly telling for sector trends. It signals a growing demand for hybrid renewable solutions that address grid stability and enable more consistent power delivery, moving beyond intermittent solar generation alone.

Implications for Future Growth

Securing this large-scale contract from a thermal power generator underscores a broader shift in India’s energy landscape. It positions Waaree as a critical enabler for companies transitioning towards sustainable energy sources, even those traditionally reliant on thermal power.

The project’s multi-year timeline, extending to financial year 2027-28, provides a clear runway for revenue and operational growth. This long-term engagement reinforces Waaree’s strategic importance in India’s ambitious renewable energy targets.