Waaree Renewable Technologies Secures 300MW Solar EPC Contract

RENEWABLES

Overview

Waaree Renewable Technologies has secured a 300MW/450MWp Ground Mount Solar EPC contract from its subsidiary, Sunsational Power Private Limited. The project includes two years of operation and maintenance, with completion expected by FY 2026-27. This signals a strong order book for the company.

Waaree Renewable Technologies Awarded 300MW Solar EPC Contract

Waaree Renewable Technologies Limited has secured a significant Engineering, Procurement, and Construction (EPC) contract for a Ground Mount Solar project, with a total capacity of 300MW or 450MWp. The company will also provide operation and maintenance (O&M) services for two years post-completion.

What just happened

Waaree Renewable Technologies received a 300MW/450MWp Ground Mount Solar EPC contract from its wholly-owned subsidiary, Sunsational Power Private Limited.

Why this matters

The contract reinforces Waaree Renewable's order book strength and demonstrates its capacity to execute large-scale solar projects, contributing to future revenue streams.

Reader Takeaway: A substantial solar EPC order with a long-term execution timeline, providing pipeline visibility, with governance clarity on the related-party transaction.

The backstory

Waaree Renewable Technologies is a key player in the solar energy sector, involved in EPC services and project development. This contract is a related party transaction as it is with its own subsidiary, Sunsational Power Private Limited.

What changes now

The company now has a defined project to execute, with a scheduled completion by FY 2026-27, adding to its order book and operational pipeline.

Risks to watch

While an intra-group transaction with an arm's length basis clarification, investors should monitor timely execution and revenue recognition as per schedule.

Peer comparison

(No specific peer comparison data is available in the filing.)

Context metrics (time-bound)

Project Capacity: 300MW / 450MWp
Scope: EPC Services + 2 Years Operation & Maintenance
Awarding Entity: Sunsational Power Private Limited (Subsidiary)
Scheduled Completion: FY 2026-27

What to track next

Investors should track the project's progress against the FY 2026-27 completion deadline and monitor how this contract impacts Waaree Renewable's overall revenue and order book figures.

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