**Waaree Renewable Technologies Secures ₹345 Crore Solar Project in Rajasthan**
Waaree Renewable Technologies Ltd (WRTL) has announced the acquisition of a significant solar project valued at ₹345 crore in Rajasthan, awarded by a leading domestic renewable energy generation company. The project, which involves the engineering, procurement, construction, and commissioning of a 300 MW AC (alternating current) / 435 MW DC (direct current) ground-mounted solar photovoltaic facility in Bikaner, is set for completion in the financial year 2025-26.
Sunil Rathi, Executive Director of WRTL, expressed enthusiasm about the partnership, stating, “This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future.”
The project will also include the development of a 33/220 kV pooling substation and will feature advanced robotic cleaning systems designed to enhance performance and minimize long-term operations and maintenance costs.
In addition to this project, WRTL has received a letter of award for another solar power initiative under the Mukhyamantri Saur Krushi Vahini Yojana-2.0, valued at ₹114.23 crore. This project, which is also scheduled for completion in 2025-26, involves the execution of engineering, procurement, and construction works for a solar power project with a capacity of 94 MW AC/131.6 MW DC.
WRTL recently reported an impressive 83% increase in its consolidated net profit, reaching ₹93.76 crore in the March quarter, driven by higher income. The company’s total income rose to ₹481.43 crore, up from ₹275.35 crore in the same quarter the previous year.
As Waaree Renewable Technologies continues to expand its footprint in the renewable energy sector, these projects underscore its commitment to sustainable energy solutions and growth in the industry.
**FAQ**
**What is the significance of Waaree Renewable Technologies’ recent solar project?**
The recent solar project secured by Waaree Renewable Technologies is significant as it represents a major investment in renewable energy infrastructure in India, contributing to the country’s sustainability goals and enhancing the company’s portfolio in the growing solar energy market.
