Waaree Renewable LOA: 291 MW Solar, 280 MWh BESS by FY28

What Waaree Renewable Technologies announced

Waaree Renewable Technologies Limited (WRTL) said it has received a Letter of Award (LOA) for a large renewable-energy EPC project that combines solar generation with battery storage. The company described the mandate as a domestic commercial order and said the awarding entity is one of India’s thermal power generating companies. The project scope is sized at 291 MWp for solar PV and 280 MWh for battery storage. WRTL made the disclosure through a regulatory filing dated August 28, 2026. The company is a subsidiary of Waaree Energies Limited.

Scope of work: solar EPC plus battery storage

The LOA covers Engineering, Procurement, and Construction (EPC) works for a 291 MWp ground-mounted solar photovoltaic (PV) project. It is integrated with a 280 MWh Battery Energy Storage System (BESS), making storage part of the same execution package. In practical terms, the scope indicates WRTL will be responsible for delivering the generation infrastructure as well as the associated storage system under a single EPC mandate. The company’s filing specifies the capacities but does not disclose the monetary value of the order. The project size is therefore communicated purely in terms of solar and storage capacity.

Client details and the SEBI disclosure

WRTL did not name the customer, stating only that the LOA is from an Indian thermal power generating company. The disclosure was made under Regulation 30 of the SEBI Listing Regulations, as per the company communication. The company said its promoters and group companies have no interest in the awarding entity. It also clarified that the transaction does not constitute a related-party transaction. The regulatory communication was signed by Heema Shah, Company Secretary of Waaree Renewable Technologies.

Timeline: completion planned in FY2027-28

As per the filing, the project is scheduled to be completed during Financial Year 2027-28. The timeline is described as being in line with the terms of the order. Beyond the FY2027-28 completion window, the company did not provide additional milestones such as financial closure dates, notice-to-proceed timelines, or commissioning phases. The filing also does not detail whether the project will be built in a single location or across multiple sites.

Why a 280 MWh BESS matters in a solar project

The inclusion of a battery energy storage system alongside the solar PV plant adds an energy-storage component to what would otherwise be a generation-only EPC scope. A paired structure can support better utilisation of renewable power by storing electricity for use when solar output is lower. In the context of grid operations, storage can also help smoothen output variations from solar generation. WRTL’s filing frames the combined solar-plus-storage configuration as supporting the integration and utilisation of renewable power while adding storage capacity to India’s evolving power infrastructure.

What this order signals for Waaree Renewable Technologies

With this LOA, WRTL gets an opportunity to execute both large-scale solar generation infrastructure and battery storage within the same project. The order also keeps the company’s stock in focus following the announcement of the LOA for a large EPC mandate. Since the filing does not mention contract value, investors and analysts will likely rely on subsequent disclosures or financial reporting to understand the revenue contribution and execution profile. Still, the capacity details provide a clear view of project scale and technical scope.

Company background mentioned in the disclosure material

The referenced company information describes Waaree Renewables Technology Limited as a subsidiary company of the Waaree Group and as a participant in the solar EPC business. The same material states that the Waaree Group has installed 10,000+ solar projects, with a total operating capacity of 600+ MW. It also describes the group as a solar developer that finances, constructs, owns, and operates solar projects, and notes that the operations are headquartered in Mumbai. These details offer context on the group’s historical exposure to solar project delivery, though the LOA itself is specific to the 291 MWp solar PV and 280 MWh BESS EPC scope.

Key details at a glance

Market impact and what to watch next

Because the contract value is not disclosed, the immediate market discussion is likely to focus on execution capacity and the combined solar-plus-storage scope rather than projected financial contribution. The timeline extending to FY2027-28 places attention on how quickly the project moves from LOA to full execution. Investors will also watch for future updates that may clarify site location, delivery milestones, and any subsequent regulatory disclosures tied to project progress. For now, the company’s filing confirms only the award, the scope, the capacities, and the completion window.

Conclusion

Waaree Renewable Technologies has disclosed an LOA for EPC execution of a 291 MWp ground-mounted solar PV project integrated with a 280 MWh BESS, awarded by an Indian thermal power generating company. The project is classified as a domestic commercial order and is scheduled for completion in FY2027-28. The company has also stated that the award is not a related-party transaction and that promoters and group companies have no interest in the awarding entity. Further clarity on contract value and detailed milestones will depend on future company disclosures.