Waaree signs PPA for 150 MW under Neemuch Solar Park

Waaree Energies has signed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Ltd (RUMSL) and M.P. Power Management Co. Ltd (MPPMCL) for the supply of 150 MW solar power to MPPMCL.

The PPA follows a Letter of Award (LoA) received by Waaree Forever Energies, a wholly owned subsidiary of Waaree Energies, for developing a 170 MW ISTS-connected solar power project in Madhya Pradesh. The execution of the project will now be carried out directly by Waaree Energies.

The power generated will be supplied to both MPPMCL and Indian Railways.

Waaree Energies, headquartered in Mumbai, operates solar PV module manufacturing facilities with an installed capacity of 15 GW and solar cell manufacturing capacity of 5.4 GW. The company is actively expanding into the power infrastructure space, with 170 MW currently under development and one acquisition in progress.