Regulatory Disclosure Details
Key Transaction Details
Waaree Forever Energies Private Limited (WFEPL), a wholly owned subsidiary of Waaree Energies Limited, received intimation of a Letter of Award on August 27, 2026 from Solar Energy Corporation of India Limited (SECI).
The award is for the development of a 700 MW Solar and 700 MW/2800 MWh Energy Storage Solution (ESS) Renewable Energy Power Project located in Solapur, Maharashtra.
Contract Specifications
- Awarding Entity: Solar Energy Corporation of India Limited (SECI)
- Project Scope: 700 MW Solar capacity + 700 MW/2800 MWh Energy Storage Solution
- Location: Solapur, Maharashtra
- Entity Type: Domestic entity
- Contract Nature: One-time contract
- Duration: The Power Purchase Agreement is valid for 25 years from scheduled Commencement of Supply Date
- Commercial Consideration: Development of 700 MW Solar and 700 MW/2800 MWh ESS Renewable Energy Power Project
Related Party Considerations
- The promoter/promoter group/group companies have no interest in SECI, the entity awarding the contract
- The order/contract does not fall within related party transactions