Business News | Waaree Renewable Technologies Secures EPC Contracts for 1.08 GW of Solar Projects
Get latest articles and stories on Business at LatestLY. Waaree Renewable Technologies Ltd, a subsidiary of Waaree Energies Ltd, has secured two engineering, procurement and construction (EPC) contracts for ground-mounted solar photovoltaic (PV) projects with a combined capacity of 800 MWac (1,082 MWp), the company said in a regulatory filing.
Mumbai (Maharashtra) [India], July 26 (ANI): Waaree Renewable Technologies Ltd, a subsidiary of Waaree Energies Ltd, has secured two engineering, procurement and construction (EPC) contracts for ground-mounted solar photovoltaic (PV) projects with a combined capacity of 800 MWac (1,082 MWp), the company said in a regulatory filing.
The company said it has received two Letters of Award (LoAs) for the execution of two solar PV plants with capacities of 400 MWac/530 MWp and 400 MWac/552 MWp, respectively.
"We wish to inform you that Waaree Renewable Technologies Limited... has received two Letters of Award for execution of Engineering, Procurement and Construction (EPC) works for two ground-mounted Solar PV plants of 400 MWac/530 MWp and 400 MWac/552 MWp respectively, aggregating 800 MWac/1,082 MWp," the company said in its stock exchange filing.
According to the filing, the contracts have been awarded by "one of India's leading Renewable Energy companies." However, the company did not disclose the name of the customer or the value of the contracts.
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The projects are domestic in nature and involve commercial EPC work for utility-scale, ground-mounted solar power plants, the filing said.
Waaree Renewable Technologies said the projects are scheduled to be completed during financial year 2027-28, in line with the terms of the awards.
The company also clarified that the order is not a related-party transaction and that neither its promoter nor its promoter group has any interest in the entity awarding the contracts. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)