Waaree Energies Ltd has announced a fresh renewable energy order win, with its wholly owned subsidiary receiving a Letter of Award for a 300 MW wind power project in Gujarat. The development strengthens the company’s presence in India’s clean energy segment and adds long term revenue visibility.
300 MW Wind Project in Dwarka, Gujarat
Waaree Energies Ltd informed the stock exchanges on February 24, 2026 that its wholly owned subsidiary, Waaree Forever Energies Private Ltd, has received a Letter of Award from Solar Energy Corporation of India Ltd for the development of a 300 MW wind power project in Dwarka, Gujarat.The project involves the development of a 300 MW wind power facility and has been awarded by a domestic entity. The company clarified that the contract is a one time order.
According to the exchange filing, the Power Purchase Agreement for the project will remain valid for 25 years from the scheduled commencement of supply date. This long term agreement provides sustained revenue visibility over the life of the project.
The company also stated that neither its promoter nor promoter group has any interest in SECI. It further clarified that the order does not qualify as a related party transaction.
500 MW Solar Module Supply Order for FY27
The wind project announcement follows another significant order win disclosed a day earlier. On Monday, Waaree Energies said it had secured an order to supply 500 MW of solar modules from a domestic solar power developer operating as an Independent Power Producer.As per the filing, the 500 MW solar module supply order is a one time contract for FY27. The entire quantity is scheduled to be delivered within the timeline specified in the agreement. This order was also awarded by a domestic entity.
With both wind and solar orders announced in quick succession, Waaree Energies has strengthened its order book across renewable energy segments.
Waaree Energies Share Price Movement
Shares of Waaree Energies Ltd ended higher on Tuesday, February 24, rising 4.26 percent to close at ₹3,040.00 on the NSE.The back to back order wins in wind and solar segments come at a time when the company continues to expand its footprint in India’s renewable energy landscape, backed by long term project visibility and domestic demand.
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