Waaree Energies wins 300 MW wind power project in Gujarat with 25-year supply deal
Published on 24/02/2026 07:07 PM
Waaree Energies wins 300 MW wind power project in Gujarat with 25-year supply dealWaaree Forever Energies got SECI's nod for a 300 MW wind project in Gujarat; Waaree Energies won a 500 MW solar order. Shares of Waaree Energies Ltd ended higher on Tuesday, February 24, by 4.26% at ₹3,040.00 on the NSE.By Megha Rani February 24, 2026, 7:07:28 PM IST (Published)2 Min ReadWaaree Energies Ltd said its wholly-owned subsidiary, Waaree Forever Energies Private Ltd, has received a Letter of Award (LoA) from Solar Energy Corporation of India Ltd (SECI) for the development of a 300 MW wind power project in Dwarka, Gujarat.
According to a stock exchange filing dated February 24, 2026, the project entails the development of a 300 MW wind power facility. The contract has been awarded by a domestic entity and is a one-time order.
The Power Purchase Agreement (PPA) for the project will be valid for 25 years from the scheduled commencement of supply date, providing long-term revenue visibility for the company, according to the exchange filing.
The filing further clarified that neither the promoter nor the promoter group has any interest in SECI, and the order does not fall under related party transactions.
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The development comes a day after Waaree Energies announced another major order win. On Monday (February 23), the company said it had secured an order to supply 500 MW of solar modules from a renowned domestic solar power developer engaged in the business of an Independent Power Producer (IPP).
As per the filing, the 500 MW solar module supply order is a one-time contract for FY27, with the entire quantity to be delivered within the timeline specified in the agreement. The order was also awarded by a domestic entity.
Shares of Waaree Energies Ltd ended higher on Tuesday, February 24, by 4.26% at ₹3,040.00 on the NSE.
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