Waaree Renewable Wins Rs 232 Crore Solar Project to Boost Carbon Offset

Waaree Renewable Technologies Ltd secures a Rs 232.30 crore solar project in India. The 170 MW renewable energy venture will include engineering, procurement, construction, and operation services, aiming to cut 225,000 tonnes of CO₂ emissions annually, equal to eliminating 50,000 fossil-fuel cars from roads.

Waaree Renewable Technologies Ltd has announced a significant advancement in sustainable energy solutions by securing a solar project valued at Rs 232.30 crore from a domestic partner. This initiative demonstrates their commitment to combatting climate change.

The ambitious project, slated to deliver 170 MW of solar power, will be executed on a turnkey basis, focusing on an all-encompassing approach to Engineering, Procurement, and Construction (EPC) services. Additionally, Waaree Renewable Technologies Ltd will assume long-term responsibility for the Operation & Maintenance (O&M) of this vast infrastructure.

This endeavor is set to make a substantial environmental impact by reducing carbon emissions by approximately 225,000 metric tonnes annually. Such a reduction is akin to removing nearly 50,000 fossil fuel-powered vehicles from circulation yearly. Waaree Group's subsidiary continues to build on its record of accomplishing over 10,000 solar projects with a collective installed capacity exceeding 1.82 GW.

(With inputs from agencies.)