India's Waaree Secures $66M Solar Project Deal

• Waaree Renewable Technologies secures a INR 5.48bn contract for a 335 MW solar project, adding to their impressive unexecuted order book of 1.16 GW.

Indian company Waaree Renewable Technologies has been awarded a contract worth INR 5.48bn ($66m) to provide engineering, procurement, and construction (EPC) services for a 335 MW/412 MWp solar project in India. The project is expected to be operational by December 2024, although the exact location and details have not been disclosed. Waaree will also be responsible for the project's operations and maintenance under a two-year agreement worth INR 68m. This latest contract brings Waaree's unexecuted order book to 1.16 GW.

In November 2022, Waaree secured a separate contract worth INR 1.83bn to deploy 70 MW DC of solar PV capacity for an unnamed seamless tube manufacturer in India.

What is the value of Waaree Renewable Technologies' latest solar project contract in India?

• Waaree Renewable Technologies' latest solar project contract in India is valued at INR 5.48bn ($66m).
• The contract includes engineering, procurement, and construction (EPC) services for a 335 MW/412 MWp solar project.
• The project is expected to be operational by December 2024.
• The exact location and details of the project have not been disclosed.
• Waaree will also be responsible for the project's operations and maintenance under a two-year agreement worth INR 68m.
• This contract adds to Waaree's unexecuted order book, which now stands at 1.16 GW.
• In November 2022, Waaree secured another contract worth INR 1.83bn to deploy 70 MW DC of solar PV capacity for an unnamed seamless tube manufacturer in India.