Waaree Energies Secures 300MW Wind Project from SECI
Filing Summary
Waaree Energies Ltd, through its wholly owned subsidiary Waaree Forever Energies Private Limited, has received a Letter of Award from the Solar Energy Corporation of India Limited for the development of a 300MW wind power project in Dwarka, Gujarat. The Power Purchase Agreement associated with this project is valid for 25 years from the scheduled commencement of supply. The project is a one-time contract awarded by a domestic entity. There is no interest from the promoter group in the awarding entity, and the contract does not constitute a related party transaction.
Waaree Energies Ltd, through its wholly owned subsidiary Waaree Forever Energies Private Limited, has received a Letter of Award from the Solar Energy Corporation of India Limited (SECI) for the development of a 300MW wind power project in Dwarka, Gujarat. The intimation was received on February 24, 2026.
The project involves the development of a 300MW wind power facility. The associated Power Purchase Agreement is valid for a period of 25 years from the scheduled commencement of supply. This is a one-time contract awarded by a domestic entity, SECI.
The filing confirms that there is no interest from the promoter or promoter group in the entity that awarded the contract. Additionally, the contract does not fall within related party transactions, ensuring it is conducted at arm’s length.
The Solar Energy Corporation of India Limited is a government-owned entity responsible for the implementation of renewable energy projects in India. It plays a significant role in promoting solar and wind energy projects across the country, contributing to the national goal of increasing renewable energy capacity.
Waaree Energies Ltd is a leading solar panel manufacturer and EPC service provider in India. The company focuses on expanding its renewable energy portfolio and enhancing its capabilities in solar and wind energy projects. Waaree Energies aims to contribute to sustainable energy solutions and support the country’s renewable energy targets.