Waaree bags two major solar-storage orders in two days
Waaree Energies Limited and its subsidiaries have secured two letters of award for large-scale renewable energy projects combining solar generation with energy storage, expanding the group’s presence across utility-scale solar power and battery-backed renewable energy.
700 MW project
Waaree Forever Energies Private Limited, a wholly owned subsidiary of Waaree Energies Limited, has received a Letter of Award from the Solar Energy Corporation of India Limited (SECI) for developing a 700 MW solar and 700 MW/2,800 MWh energy storage solution (ESS) renewable energy power project in Solapur, Maharashtra.
The project has been awarded on a one-time basis, with the power purchase agreement (PPA) providing for a 25-year tenure from the scheduled commencement of supply date. The award has been issued by a domestic entity. Waaree Forever Energies has confirmed that there are no related-party interests associated with the award.
291 MWp EPC order
Separately, Waaree Renewable Technologies Limited has received a Letter of Award for engineering, procurement and construction (EPC) works for a 291 MWp ground-mounted solar photovoltaic (PV) project integrated with a 280 MWh battery energy storage system (BESS).
The order has been awarded by an Indian thermal power generating company, with project completion scheduled during the financial year 2027-28. The company has classified the award as a commercial domestic contract and confirmed that there are no related-party interests involved.
Disclosures
The two awards were disclosed in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations. The Letter of Award for the 700 MW solar and 2,800 MWh ESS project was received on August 27, 2026, while the Letter of Award for the 291 MWp solar PV and 280 MWh BESS EPC project was received on August 28, 2026.
The featured photograph is for representation only.
