Waaree Renewable Technologies has updated two existing solar EPC contracts, bringing the total aggregate capacity to 800 MWac / 1,109 MWp. The projects, commissioned by a leading domestic renewable energy firm, are slated for completion by FY 2027-28. This upward revision strengthens the company’s project pipeline and highlights sustained activity in its domestic solar installation business.
Waaree Renewable Technologies Updates Solar EPC Contracts
Aggregate project capacity revised to 1,109 MWp with completion set for FY 2027-28.
Reader Takeaway: Capacity expansion signals strong project pipeline growth, though long-term execution remains subject to future capital requirements.
What just happened
Waaree Renewable Technologies Ltd has announced a formal revision to two existing Letter of Award (LoA) contracts involving the engineering, procurement, and construction (EPC) of solar PV plants. The company has adjusted the scope and capacity for both projects, resulting in an aggregate capacity of 800 MWac (1,109 MWp). The orders are placed by a prominent domestic renewable energy developer.
Why this matters
These contract revisions represent an increase in the firm’s committed project pipeline. By scaling the scope of work for these solar assets, Waaree strengthens its involvement in large-scale renewable infrastructure, which is a critical growth driver for the company’s revenue visibility over the coming fiscal years.
Project Timeline
The company has confirmed that the execution timeline for these solar PV projects is scheduled for completion within the financial year 2027-28. Adherence to this timeline will be a key metric for investors evaluating the company's operational efficiency.
What to track next
Investors should monitor quarterly updates regarding the physical progress of the sites, procurement of solar modules, and any potential shifts in cost dynamics that could impact project margins leading up to the 2027-28 deadline.