Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, announced the receipt of a Letter of Intent (LOI) for the development of a ground-mounted solar power project. The project has a capacity of 105 megawatt-peak (MWp) and will be executed on a turnkey basis.
The total order value is approximately ₹277.20 crore, excluding taxes. The project is expected to be completed in the financial year 2025-26.
Founded in 1990, Waaree Energies Limited (WEL) is a solar PV module manufacturer with an installed capacity of 13.3 GW and a 5.4 GW cell manufacturing facility in Gujarat. The company operates five solar module manufacturing plants in India and has an international presence.