Waaree Renewable Technologies Bags 6.5 MWp(DC)/ 5 MW(AC) EPC Project in Chhattisgarh

Waaree Bags 1 GW order

Renewable energy EPC firm, Waaree Renewable Technologies Ltd has been awarded an Engineering, Procurement, and Construction (EPC) contract for a solar power project by energy arm of India’s leading steel and power conglomerate. The firm has secured the EPC contract for a 6.5 MWp (DC)/ 5 MW (AC) solar power project in Chhattisgarh.

The project is spread across a sprawling 23-acre plot. The power generated by the project will be evacuated at the 33 kV level and injected into the existing 33 kV switchyard. As part of the engagement, Waaree Renewable Technologies Ltd will also assume responsibility for the operation and maintenance (O&M) of the solar power plant for a period of five years from the date of commissioning.

Waaree Renewable Technologies Limited (WRTL) is subsidiary company of Waaree Energies and delves into the solar EPC business of the group. WRTL is also a solar developer that finances, constructs, owns and operates solar projects. Headquartered in Mumbai, WRTL operate across geographies, focusing on long-term investments within the commercial and industrial customer segments.

Recently, Waaree Renewables Technology Ltd had announced its financial results for the last quarter and full year FY2023. The firm declared a consolidated net profit of Rs 12.3 crore in the March 2023 quarter marking an 81% increase year-on-year.