Waaree Renewable Technologies Limited announced that it has secured a significant Letter of Award (LOA) for the execution of an Engineering, Procurement, and Construction (EPC) project for a solar power plant. The project, awarded by one of the world’s leading utility companies in renewable energy, entails the development of a 412 MWp /335 MWac solar power plant on a turnkey basis. The contract, valued at Rs. 547.5 crore, encompasses the EPC work along with Operations and Maintenance services for a duration of two years post Hand over Take over, valued at Rs. 6.798 crore.
This domestic entity contract marks a milestone for Waaree Renewable Technologies Limited, solidifying its position in the renewable energy sector. The project is set to be completed by December 31, 2024, adhering to the terms stipulated in the LOA. With this addition, the company’s unexecuted order book now stands at an impressive 1.161GW, highlighting its robust pipeline and growth trajectory in the renewable energy market.
The awarded contract underscores the company’s expertise in delivering comprehensive renewable energy solutions and further strengthens its foothold in the domestic market. Waaree Renewable Technologies Limited continues to pursue opportunities for expansion and innovation, contributing to India’s sustainable energy landscape.
Investors and stakeholders can expect this development to positively impact the company’s financial performance and market positioning in the renewable energy sector.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
