Waaree Energies Subsidiary Secures 700 MW Solar Project

Waaree Energies Ltd announced that its wholly owned subsidiary, Waaree Forever Energies Private Limited (WFEPL), has received a Letter of Award (LOA) from the Solar Energy Corporation of India Limited (SECI). The LOA is for the development of a 700 MW Solar and 700 MW/2800 MWh Energy Storage Solution (ESS) Renewable Energy Power Project in Solapur, Maharashtra. The Power Purchase Agreement (PPA) is valid for 25 years from the scheduled commencement of supply date. This significant award underscores the company's growing presence in the renewable energy sector and its capability to undertake large-scale integrated solar and storage projects.