Waaree Renewable Technologies has secured a contract worth Rs 547.5 crore for 412 MWp solar energy project. The order has been awarded by one of the global leading biggest utilities in the world in renewable energy.

The company has  received a letter of award (LoA) for the execution of engineering, procurement and construction (EPC) work for this plant. The LoA also includes operations and maintenance (O&M) for a period of two years from the date of handover, with an order value of Rs 6.798 crore.

The project is scheduled to be completed in December 2024 as per the terms of the order. The solar power plant is to be carried out on a turnkey basis. Waaree Renewable's unexecuted order book now stands at 1.161GW.