Power Stock In Focus: Waaree Renewable Technologies Wins 2 GW Solar Project In Bikaner

Waaree Renewable Technologies Ltd (WRTL) on Tuesday said it has secured its largest-ever order of 2 GW solar project from Sunbreeze Renewables Nine Pvt Ltd, a Special Purpose Vehicle (SPV) of Jindal Renewables. The project will be implemented in Bikaner, Rajasthan, utilizing advanced technologies and sustainable solutions to enhance energy efficiency and maximize generation, a company statement said.

WRTL, a subsidiary of Waaree Energies Ltd, India's largest solar PV module manufacturer, has secured its largest-ever Engineering, Procurement, and Construction (EPC) contract for a 2 GW solar project from Sunbreeze Renewables Nine Pvt. Ltd, a Special Purpose Vehicle (SPV) of Jindal Renewables, according to the statement. WRTL will oversee the design, engineering, procurement, supply, construction, testing, and commissioning of the solar PV project, ensuring efficient delivery of clean energy to the designated Point of Injection (POI).

Bharat Saxena, President of Jindal Renewables said, "Partnering with Waaree for lower emission steel production is just the beginning- there will be many more such initiatives as we continue to lead the way in adopting renewable energy solutions." Viren C Doshi, Director of WRTL said, "We are delighted to collaborate with Jindal Renewables on this landmark 2 GW solar EPC project.

" Jindal Renewables aims to become a pioneer in renewable energy projects in India, currently developing close to 3GW of diverse renewable assets with power off-take completely locked in. It aims to develop around 12 GW of renewable energy assets, storage facilities, as well as significant green hydrogen production facilities by 2030 and become amongst the largest de-carbonization solution providers in the country. WRTL is a subsidiary company of Waaree Group and spearheading the Solar EPC business. Waaree Group has successfully installed 10000+ solar projects with cumulative installation done for over 1.82 GW.

(PTI)