Waaree Renewable bags 1,082 MWp solar EPC orders
Two Letters of Award for ground-mounted solar plants, totalling 800 MWac or 1,082 MWp, from a leading Indian RE company. Execution targeted for FY27-28.
— 1 earlier story on Waaree Renewable Technologies Ltd. →What's new
- Waaree Renewable received two LoAs for EPC of ground-mounted solar PV plants.
- Total capacity: 800 MWac / 1,082 MWp, awarded by a leading Indian RE company.
- Projects to be executed in FY27-28, providing multi-year revenue visibility.
Why this matters
This order adds to an existing 2.83 GW portfolio, deepening ties with large developers. While the value is undisclosed, the scale is material and strengthens Waaree's position in India's solar EPC market. The company's low debt (D/E 0.06) and strong execution track record support delivery.
What we're watching
- Disclosure of order value, if any, in subsequent filings.
- Execution progress and any milestone payments.
- Further order wins from the same or other large developers.
The full read
Waaree Renewable has locked in two solar EPC contracts totalling 1,082 MWp from a leading Indian RE player. Scale matters. The projects, due in FY27-28, expand the company's order book beyond the existing 2.83 GW portfolio — a material addition that signals deepening trust with large developers. The monetary value remains undisclosed, but the sheer capacity alone cements Waaree's spot among India's top solar EPC firms. This is the second large order in two months, following a 450 MWp award from its own subsidiary in June. With a debt-to-equity ratio of just 0.06 and trailing revenue growth of 131%, the company is well-placed to execute. The open question is value, but for now, the order book tells the story.
Questions answered
- What is the total capacity of the new orders?
- The two orders aggregate 800 MWac or 1,082 MWp of ground-mounted solar PV plants.
- Who is the customer?
- The awards come from a leading Indian renewable energy company, though the name is not disclosed.
- When will these projects be executed?
- Both projects are scheduled for completion during the financial year FY27-28.
- How does this compare to Waaree's existing order book?
- The company had an existing portfolio of 2.83 GW prior to these awards, so this is a material addition.
- Why is this order significant for Waaree?
- It provides multi-year revenue visibility and demonstrates continued execution momentum, especially after a 450 MWp order in June 2026.
Waaree Renewable Technologies Ltd.
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All notes on WAAREERTL →- 26 Jul 2026 · 11:44 AM IST Waaree Renewable bags 1,082 MWp solar EPC orders
- 48d ago Waaree Renewable gets 450MWp solar EPC order from its own subsidiary