Waaree Energies has announced a major development in its renewable energy portfolio through its wholly owned subsidiary. The company disclosed that Waaree Forever Energies Private Limited has secured approval and received a significant wind power project contract from a leading government entity.

Project Award Details

Waaree Forever Energies Private Limited received the Letter of Award on February 24, 2026, from Solar Energy Corporation of India Limited for developing a substantial wind power project. The project specifications and key parameters are outlined below:

Contract Terms and Duration

The project comes with favorable long-term arrangements that provide revenue stability for the company. The Power Purchase Agreement associated with this wind power project carries a validity period of 25 years from the scheduled commencement of supply date, ensuring sustained cash flows over an extended period.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by making the requisite disclosure under Regulation 30 of the SEBI Listing Regulations. The announcement was made in compliance with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, demonstrating the company's commitment to transparency and regulatory adherence.

Related Party and Commercial Considerations

The contract structure maintains arm's length commercial terms with no related party implications. Key commercial aspects include:

• No promoter or group company interest in the awarding entity
• No related party transaction classification
• Development focused on 300MW wind power capacity in Gujarat
• Strategic expansion in the renewable energy sector

This wind power project approval represents a significant addition to Waaree Energies' renewable energy development portfolio, strengthening its position in India's growing clean energy landscape through its subsidiary operations.

Waaree Energies has secured a major order for 500MW solar modules from a leading Independent Power Producer, as disclosed in its regulatory filing under SEBI Listing Regulations. The company received this significant order on February 23, 2026, from a renowned customer engaged in Independent Power Producer business, marking a substantial business milestone for the renewable energy manufacturer.

Order Specifications

The order details reveal a comprehensive supply arrangement for the upcoming financial year. According to the company's disclosure to stock exchanges, the modules are scheduled for delivery during FY 2026-27, providing clear revenue visibility for the company.

Regulatory Compliance

Waaree Energies has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Regulations, providing transparency to stakeholders about this material contract. The company confirmed that this order does not involve any related party transactions and maintains arm's length commercial terms.

Strategic Significance

This substantial order reinforces Waaree Energies' competitive position in India's expanding solar energy market. The company's ability to secure large-scale contracts from established power developers demonstrates its manufacturing capabilities and market credibility in the renewable energy sector.

The order represents a significant addition to the company's business portfolio, providing revenue certainty and strengthening its order book. Such contracts from leading Independent Power Producers align with India's renewable energy expansion goals and position Waaree Energies as a key supplier in the growing solar module market.