Waaree Renewable Technologies Secures 30 MW Solar Project

Waaree Renewable Technologies has successfully secured a significant contract to develop a 30 MW DC solar project, highlighting its expertise in renewable energy solutions. This project, commissioned by a global leader in specialized seamless tube manufacturing, signifies a notable advancement in the commercial and industrial sectors' transition towards sustainable energy.
 
The contract, valued at INR 90.29 crore (excluding taxes), underscores Waaree's capability to deliver comprehensive engineering, procurement, and construction (EPC) services. The project's scope encompasses the full spectrum of EPC responsibilities, ensuring that all aspects of the project are meticulously handled by Waaree’s proficient team. This holistic approach aims to deliver a robust and reliable solar power solution tailored to the client's specific energy needs.
 
Scheduled for completion by the end of the 2024-25 fiscal year, this project aligns with India's broader goals of increasing renewable energy adoption and reducing carbon emissions. By undertaking this project, Waaree is not only contributing to the client's sustainability targets but also reinforcing its position as a key player in India’s renewable energy landscape.
 
This initiative is particularly significant as it marks a substantial step towards clean energy adoption within the industrial sector, which is a crucial area for reducing the overall carbon footprint. Waaree’s commitment to advancing renewable technologies is evident in its dedication to delivering high-quality and efficient solar projects that meet stringent industry standards.
 
Moreover, the project exemplifies the growing trend among Indian industries to integrate renewable energy solutions into their operations, driven by both economic and environmental benefits. As more companies recognize the importance of sustainable practices, Waaree’s role in facilitating this transition becomes increasingly vital.
 
As of March 2024, Waaree Renewable Technologies had an executed order book of 2,365 MW and successfully executed 704MWp orders. The company’s significant projects lined up for the next 18 months, along with its successful execution of past orders, indicate a robust renewable energy sector and its growth potential. 
 
However, this 30 MW solar project awarded to Waaree Renewable Technologies not only demonstrates the company's proficiency in executing large-scale renewable energy projects but also underscores the broader shift towards sustainable energy solutions in India's industrial sector.