Waaree Signs MoU with Viet Khanh for 100MWp Solar EPC Project in Vietnam, Including PV Modules & Transmission Line

Waaree Renewable Technologies Ltd and Viet Khanh Joint Stock Companyhave signed a non-binding Memorandum of Understanding (MoU) to execute turnkey EPC works of a 100MWp photovoltaic solar power project in EaMdrod commune, CưMgar district, Daklak province, Vietnam. This strategic alliance marks a major milestone in cross-border clean energy collaboration between India and Vietnam and the second such collaboration between WaareeGroup and the customer after successful completion of a 49.5 MW project in Cam Ranh province in 2019.

The objective of this MoU is to reaffirm the strong business relationship and commitment between Waaree and the project owner, with a full scope of design, engineering construction, testing and successfully connecting the solar power plant to the national power grid.

The project is a natural progression from the 49.5MW solar power project delivered by Waaree Group in 2018–19, which is today regarded as Vietnam’s one of the highest-performing solar installation. The trust earned through Waaree’s engineering excellence and long-term performance has laid the groundwork for this significant 100MWp expansion.

“Waaree Groups 49.5MW solar project delivered in 2018-19 has remained one of the highest performing solar installation in Vietnam till date. This unmatched performance and professionalism form the foundation of our renewed trust. We are pleased to extend our collaboration with Waaree for this upcoming 100MWp project and look forward to building one of the most efficient clean energy assets in the region.” said Mr. Dinh Xuan Hai Sang, Chairman, Viet Khanh Joint Stock Company.

“We are honored to deepen our partnership with Viet Khanh through this landmark 100MWp solar project. This collaboration reflects Waaree groups strong reputation in delivering high-performance, bankable solar infrastructure globally. Our commitment to quality, sustainability, and energy transition aligns perfectly with Vietnam’s national energy vision,”said Mr. VirenDoshi, Executive Director, Waaree Renewable Technologies Ltd.

This project exemplifies how global partnerships can accelerate the sustainable energy transition in Southeast Asia. Waaree, India’s largest solar module manufacturer with over 20GW deployed across 20+ countries, brings end-to-end expertise—from module manufacturing to EPC execution—to one of Vietnam’s fastest-growing provinces.

The initiative also advances both nations’ renewable targets. It supports Vietnam’s PDP8 roadmap aiming for 30.9% renewable energy by 2030, and aligns with India’s Act East Policy, deepening India’s leadership in exporting clean technology and climate solutions globally.

Once operational, the 100MWp solar power project is expected to offset approximately more than 130,000 metric tons of CO₂ emissions per year—equivalent to planting over 2 million trees annually.The project not only reduces dependence on fossil fuels but also enhances air quality, preserves biodiversity, and serves as a scalable model for clean energy deployment across rural and semi-urban Vietnam.

This partnership is a testament to how emerging economies can unite innovation, policy, and investment to tackle climate change while driving economic growth and energy access.