Waaree Renewable enters New Zealand, Australia with solar-BESS project agreement
Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, has signed an Early Contractor Involvement (ECI) Agreement for the development of a utility-scale solar photovoltaic (PV) project integrated with a Battery Energy Storage System (BESS) in New Zealand, marking its entry into the Australia and New Zealand (ANZ) renewable energy market.
The agreement, received by WRTL on July 27, 2026, has been signed with a special purpose vehicle (SPV) of a leading global Independent Power Producer (IPP). WRTL will undertake the project in a consortium with two experienced local companies.
ECI phase
The ECI Agreement covers preliminary development work and will remain valid for approximately four months. Following successful completion of this phase, the principal may award the full Engineering, Procurement and Construction (EPC) contract to the consortium. If awarded, execution of the project is expected to span 24 months.
The EPC contract has not yet been signed, and consideration for the full project will therefore depend on the subsequent contract award. The project combines utility-scale solar PV generation with BESS capacity, extending WRTL’s project development activities into the ANZ market.
WRTL confirmed that the agreement is with an international entity and does not constitute a related party transaction. It also said that its promoter, promoter group or group companies have no interest in the entity awarding the agreement.
The featured photograph is for representation only.
