This Renewable Energy Stock Wins Mega 800 MW Solar EPC Contracts in Major Order Boost

India's renewable energy sector continues to witness a steady stream of large infrastructure orders as developers accelerate utility-scale solar projects to meet the country's ambitious clean energy targets. With competition intensifying among engineering, procurement and construction (EPC) companies, every major contract has become a key indicator of execution capability, market leadership, and future revenue visibility.

Another major solar EPC order has now added fresh momentum to the sector. The latest award involves more than 1 GWp of solar capacity, making it one of the largest EPC contract announcements in recent months and underscoring the rising demand for large-scale ground-mounted Solar PV projects as India continues to expand its renewable energy infrastructure.

Waaree Wins Two Large Solar EPC Contracts

The company has been awarded two separate 400 MWac ground-mounted solar projects, taking the total awarded capacity to 800 MWac or 1,082 MWp. Both contracts are domestic commercial orders awarded by one of India's leading renewable energy companies.

According to the company, the transactions are not related-party transactions, and neither the promoter nor promoter group has any interest in the awarding entity.

Contract Details

Particulars	Details
Total Project Capacity	800 MWac / 1,082 MWp
Project 1	400 MWac / 530 MWp
Project 2	400 MWac / 552 MWp
Order Type	Commercial EPC Contract
Project Type	Ground-mounted Solar PV Plants
Customer	Leading Domestic Renewable Energy Company
Execution Timeline	FY2027-28
Transaction Nature	Domestic, Non-related Party

Projects to be Completed in FY28

Both solar projects are expected to be completed during FY2027-28, indicating a multi-year execution schedule. Large utility-scale solar EPC projects typically involve extensive engineering, procurement of modules and equipment, civil construction, electrical infrastructure and commissioning before commercial operations begin.

The contracts also highlight Waaree Renewable Technologies' capability to execute large renewable energy projects at scale, an important factor as India's clean energy capacity continues to expand.

Order Boost Strengthens Growth Visibility

The combined 800 MWac order represents a meaningful addition to Waaree Renewable Technologies' EPC pipeline. Winning two large projects simultaneously demonstrates the company's strong execution capabilities and competitive positioning in India's utility-scale solar market.

The company also confirmed that the contracts were awarded through a commercial arrangement with no promoter or related-party involvement, reinforcing the arm's-length nature of the transaction.

India's Solar Sector Continues to Expand

India continues to accelerate investments in renewable energy infrastructure as it works towards increasing solar power capacity and reducing dependence on conventional energy sources. Large-scale solar EPC contracts remain a key growth driver for companies involved in engineering, project execution and renewable infrastructure development.

Companies with established execution capabilities and strong EPC experience are expected to benefit from rising investments in utility-scale solar projects over the coming years.

Investor Takeaways

The award of 800 MWac (1,082 MWp) worth of solar EPC projects strengthens Waaree Renewable Technologies' order book and provides improved execution visibility through FY2027-28. The projects reinforce the company's growing presence in India's renewable energy sector while demonstrating its ability to secure large commercial contracts from leading domestic renewable energy developers.

As India continues to expand its renewable energy capacity, investors are likely to monitor the company's execution progress, future order inflows and financial performance to assess the long-term impact of these contracts.

What contracts has Waaree Renewable Technologies won?

The company has secured two ground-mounted solar EPC contracts with a combined capacity of 800 MWac (1,082 MWp).

Who awarded the contracts?

The projects were awarded by one of India's leading domestic renewable energy companies.

When will the projects be completed?

Both projects are scheduled for execution and completion during FY2027-28.

Are these related-party transactions?

No. Waaree Renewable Technologies confirmed that the contracts are not related-party transactions, and neither the promoter nor promoter group has any interest in the awarding entity.

Why are these contracts important?

The projects significantly strengthen the company's EPC order book, improve long-term revenue visibility and reinforce its position in India's fast-growing renewable energy sector.