Core Announcement – Order Details
Awarding Entity: Waaree Forever Energies Private Limited (WFEPL), the Independent Power Producer (IPP) arm of Waaree Group
Domestic/International Order: Domestic (India)
Nature of Order/Contract: Comprehensive EPC (Engineering, Procurement, and Construction) contract for wind energy project execution under Suzlon's DevCo model. Scope includes land acquisition, turbine supply, Balance of Plant (BoP), commissioning, and lifetime operations & maintenance services.
Order Value: 201.6 MW project capacity (value in INR not specified)
Materiality Context: Described as Waaree Group's "maiden wind project" and Suzlon's "second consecutive DevCo-led EPC order within a week." Represents new client acquisition for Suzlon in wind energy segment.
Execution Timeline: Not Specified
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: Not Specified
Financial Implication: Not Specified regarding contribution to order book, backlog impact, capacity utilization, or capex requirements. However, disclosure notes that Suzlon's orderbook in Andhra Pradesh now stands close to 1 GW.
Technical Specifications
- Turbine Model: 64 units of S144 wind turbine generators
- Rated Capacity: 3.15 MW each
- Total Project Capacity: 201.6 MW
- Project Location: Andhra Pradesh, India
Strategic Context
This order represents Waaree Group's entry into wind energy, expanding beyond their solar expertise. For Suzlon, this is their second DevCo-led EPC order within a week, signaling industry shift toward integrated execution models that enable faster execution, reduce development risks, and achieve greater scalability.