GRE Renew Enertech Executes Definitive EPC Agreement for 50 MW Solar PV Project
GRE Renew Enertech Limited has finalized a strategic partnership, executing a comprehensive Engineering, Procurement and Construction (EPC) Agreement with Solarium Green Energy Limited. The agreement pertains to the development of a significant ground-mounted solar power project.The contract was signed on June 30, 2026, formalizing the commercial arrangements following an earlier Letter of Award. This definitive EPC Agreement covers all aspects of the construction and subsequent management for an approximately 50 MW AC / 65 MW DC Ground Mounted Solar PV Project.
In addition to the construction phase, the agreement includes provision for Operation & Maintenance (O&M) Services over a period of three years, ensuring sustained operation post-completion.
The terms established in the agreement reflect customary commercial standards relating to project execution, including payment milestones and performance obligations. The contract is designated as being entered into in the ordinary course of business.
Project Agreement Details
| Particulars | Details |
|---|---|
| Agreement Parties | GRE Renew Enertech Limited and Solarium Green Energy Limited |
| Date of Execution | June 30, 2026 |
| Purpose | EPC works for a Ground Mounted Solar PV Project along with O&M Services |
| Project Scale | Approximately 50 MW AC / 65 MW DC |
| Term | Effective from June 30, 2026 until project completion and fulfillment of all obligations |
| Contract Value (Aggregate) | ₹175,00,00,000/- |
The total contract value is set at an aggregate amount of ₹175,00,00,000/-, exclusive of applicable taxes. This consideration comprises ₹170,00,00,000/- allocated towards the EPC works and ₹5,00,00,000/- for the Operation & Maintenance (O&M) Services.
The agreement between GRE Renew Enertech Limited and Solarium Green Energy Limited is intended to formalize the detailed contractual framework governing the execution of the project.
Stock Price Movement
GRE Renew Enertech Ltd. shares slumped on Wednesday, settling at ₹158.15 after losing 4.99% in post-market trading. The stock tested a high of ₹174.75 during the session but eventually found stability, touching the day's low of ₹158.15.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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