Waaree Renewable Technologies Ltd, solar EPC arm of Waaree Group, has announced its listing on the National Stock Exchange of India.
The company sets up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). It has installed over 1.82 GW of solar projects on EPC basis and is currently managing the execution of an additional 1.7 GW of projects. Additionally, the company says, it has a bidding pipeline of 23.37 GWp.
Waaree Renewable Technologies won its largest-ever EPC contract for a 2 GW solar project from Sunbreeze Renewables Nine, a special-purpose vehicle (SPV) of Jindal Renewables. The project, to be implemented in Bikaner, Rajasthan, will help reduce carbon footprint of Jindal Group’s steel production operations.
“NSE debut provides the company with wider stakeholder engagement, and enhanced capital access to drive future expansion. This includes scaling up solar capacity, exploring hybrid energy models, and expanding its footprint in both domestic and global markets,” stated Waaree Renewable Technologies.
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