Waaree Renewable Technologies has received a Letter of Award (LOA) for the execution of a floating solar power project of 1.090 MWp DC capacity on turnkey basis.

Waaree said the project has been awarded by a leading company in metal recycling, specialty chemicals, metal intermediates, mining, industrial gas production, mineral exploration and engineering services.

The order value is around Rs 4.122 crore (excluding taxes).

Waaree’s scope of work includes engineering, procurement and construction of the solar plant using high density polyethylene (HDPE)-based floats.

The project is scheduled to be completed in the financial year 2024-25.