Waaree Renewable Technologies signs EPC LOA with subsidiary Sunsational Power
Waaree Renewable Technologies has signed a Letter of Agreement (LOA) for a 300MW/450MWp Ground Mount Solar project with its wholly-owned subsidiary, Sunsational Power Private Limited. The domestic commercial order includes EPC services and two years of operation and maintenance, with completion scheduled for FY 2026-27.

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Waaree Renewable Technologies has signed a Letter of Agreement (LOA) for the execution of an Engineering, Procurement, and Construction (EPC) contract for a 300MW/450MWp Ground Mount Solar project. The order, secured from its wholly-owned subsidiary Sunsational Power Private Limited (SPPL), includes two years of operation and maintenance services and is scheduled for completion in the financial year 2026-27.
Contract Details
The key parameters of the EPC contract are outlined below:
| Parameter | Details |
|---|---|
| Contract Type | EPC (Engineering, Procurement & Construction) |
| Project Capacity | 300MW/450MWp |
| Client | Sunsational Power Private Limited (SPPL) |
| Target Completion | FY 2026-27 |
| Maintenance Period | Two years post-commissioning |
| Nature of Order | Commercial Order |
| Entity Type | Domestic |
Scope of the Agreement
Under the terms of the LOA, Waaree Renewable Technologies will provide EPC services for the 300MW/450MWp Ground Mount Solar Project. The agreement encompasses full project execution responsibilities along with a post-commissioning operation and maintenance commitment for two years. The disclosure confirms that the order falls within related party transactions and is conducted at arm's length, as SPPL is a subsidiary of the company.
Historical Stock Returns for Waaree Renewable Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.56% | -2.46% | -7.26% | +0.53% | -7.70% | +11.37% |
What are the anticipated capital expenditure requirements for Waaree Renewable Technologies to execute this 300MW project?
How will this EPC order impact Waaree's revenue recognition and financial performance over the next three fiscal years?
What is the projected internal rate of return (IRR) for Sunsational Power Private Limited upon the project's commissioning?


































