Waaree Renewable Technologies Enters New Zealand with Utility-Scale Solar and BESS Project

Waaree Renewable Technologies (WRTL), an Engineering, Procurement and Construction (EPC) company and subsidiary of Waaree Energies, has announced the signing of ECI (Early Contractor Involvement) Agreement with a special purpose vehicle of an Independent Power Producer (IPP), to develop utility-scale solar photovoltaic (PV) project integrated with a Battery Energy Storage System (BESS) in New Zealand. 

The project will be undertaken in consortium with two experienced local companies with WRTL leading solar supply and engineering; marking WRTL's strategic entry into the Australia and New Zealand (ANZ) renewable energy market. ECI is signed for limited early work and upon completion of ECI work, the Principal may sign the EPC contract for the project with the consortium.

The project is expected to become one of New Zealand's largest solar energy projects upon completion. The integrated renewable energy and storage solution will support the country's transition towards a cleaner energy mix while enhancing grid reliability, improving energy resilience and enabling greater integration of renewable power.

By partnering with established local companies, WRTL will combine its EPC expertise and project execution capabilities with local market knowledge to deliver a world-class renewable energy asset.

The ANZ region continues to be an attractive destination for renewable energy investments, supported by ambitious decarbonization targets, growing electricity demand, and increasing deployment of energy storage solutions.

Sunil Rathi, Executive Director, Waaree Renewable Technologies, said, "This agreement marks an important milestone in Waaree Renewable Technologies' international expansion strategy. Entering the ANZ market through this proposed landmark project in New Zealand reflects our confidence in the region's renewable energy potential and our ability to execute large-scale, technologically advanced clean energy projects. We are pleased to collaborate with experienced local partners and look forward to delivering a project that supports New Zealand's clean energy ambitions while strengthening WRTL's global footprint."

The project positions WRTL to pursue further opportunities across the ANZ region and other international markets, building a diversified global portfolio and long-term stakeholder value.