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Waaree Renewable wins LoA for 40 MWh BESS project in Gujarat

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Waaree Renewable Technologies Limited has received a Letter of Award (LoA) from Continuum Green Energy Limited for the engineering, procurement, and construction (EPC) of a 40 MWh battery energy storage system (BESS) at wind-solar hybrid sites in Gujarat. The total cost of the project is estimated at Rs 400 million. The project will utilize lithium iron phosphate (LFP) based liquid-cooled containerized BESS technology. It will be executed under a Lump Sum Turnkey Project agreement, integrating…

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Sinovoltaics releases Q1 2025 global PV module ranking

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Sinovoltaics’ Q1 2025 global PV Module Manufacturers Ranking shows India-based Insolation Energy, Waaree Renewable Technologies, and Solex Energy as the top three. The Altmann Z-score-based ranking covers 63 suppliers, tracking financial health from March 2022 to December 2024. The updated top ten list: Insolation Energy (India) Waaree Renewable Technologies (India) Solex Energy (India) Eterbright (HIWIN) (Taiwan) First Solar (U.S.) Boviet Solar (China) DMEGC Solar (China) Phono Solar (China) ERA Solar (China) HT SAAE (China) The…

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Waaree Renewable secures 2 GW solar contract with Jindal Renewables

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Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, has secured its largest-ever Engineering, Procurement, and Construction (EPC) contract for a 2 GW solar project from Sunbreeze Renewables Nine Pvt. Ltd, a Special Purpose Vehicle (SPV) of Jindal Renewables.  The project, located in Bikaner, Rajasthan, will incorporate advanced technologies and sustainable solutions to maximize energy generation and efficiency. WRTL will manage the design, engineering, procurement, supply, construction, testing, and commissioning of the solar…

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Waaree Renewable secures 41.6 MW solar project in Tamil Nadu

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Waaree Renewable Technologies Ltd (WRTL) has secured an order to establish a 41.6 MW solar project in Cuddalore, Tamil Nadu.  The project, valued at approximately Rs 1.47 billion, is scheduled for completion in the fiscal year 2025-26.  This initiative involves setting up an independent regional power production (IPP) unit.

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Waaree Renewable posts robust Q2 growth with Rs 5,244.7 million revenue

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Waaree Renewable Technologies Limited (WRTL), the solar EPC arm of Waaree Group, reported Q2 FY25 revenue of Rs 5,244.7 million, a 249.50% increase from Rs 1,500.6 million in Q2 FY24. Profit after tax (PAT) stood at Rs 535.2 million, while its unexecuted order book remains at 1.7 GWp with a 9-12 month timeline. For H1 FY25, revenue reached Rs 7,608.2 million, up 172.70% year-on-year, with an EBITDA of Rs 1,126.5 million, marking a 155.56% increase….