Waaree Energies Share Price in Focus; Secures 700 MW Solar Project in Maharashtra

On August 28, 2026, Waaree Energies Limited's subsidiary, Waaree Forever Energies Private Limited, was awarded a significant project by the Solar Energy Corporation of India Limited, as per the exchange filings.  

This project involves the development of a 700 MW solar and 700 MW/2,800 MWh energy storage solution in Solapur, Maharashtra. 

Details of the Award 

On August 27, 2026, Waaree Forever Energies Private Limited received a Letter of Award from the Solar Energy Corporation of India Limited.  

This award is for the development of a 700 MW solar and 700 MW/2,800 MWh energy storage solution renewable energy power project located in Solapur, Maharashtra.  

The project is a one-time contract awarded by a domestic entity. 

Contract Terms and Conditions 

The project entails a Power Purchase Agreement valid for 25 years from the scheduled commencement of the supply date.  

The contract does not involve any related party transactions, and the promoter group does not have any interest in the awarding entity. 

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Commercial Considerations 

The project involves the development of a 700 MW solar and 700 MW/2,800 MWh energy storage solution. This initiative is part of Waaree Energies' ongoing efforts to expand its renewable energy portfolio. 

Waaree Energies Share Price Performance 

As of August 28, 2026, at 3:30 PM, Waaree Energies share price on NSE was closed at ₹2,640.00, up by 0.61% from the previous closing price. 

Conclusion 

Waaree Energies Limited, through its subsidiary, has secured a project for a 700 MW solar and 700 MW/2,800 MWh energy storage solution in Solapur, Maharashtra. The Power Purchase Agreement for this project is valid for 25 years. 

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