Waaree Energies Share Price in Focus: Its Subsidiary Signs PPA with SECI for 300MW Wind Project

Waaree Energies Limited share price is expected to remain in focus after the company announced that its wholly-owned step-down subsidiary has executed a power purchase agreement (PPA) for a large-scale wind energy project in Gujarat.  

Subsidiary Signs Agreement With SECI 

Waaree Forever Energies Four Private Limited, a wholly-owned step-down subsidiary of the company, has entered into a Power Purchase Agreement with Solar Energy Corporation of India Limited (SECI). 

The agreement relates to the development of a 300MW wind power project located in Dwarka, Gujarat.  

Project To Expand Renewable Energy Presence 

The latest agreement strengthens Waaree Energies’ growing participation in utility-scale renewable energy projects beyond its core solar manufacturing operations. 

The company has been expanding its footprint across the clean energy value chain through project development, manufacturing, and integrated renewable energy solutions. 

Strategic Importance of Gujarat Project 

Dwarka in Gujarat is considered a key renewable energy region because of its favourable wind energy potential and existing infrastructure ecosystem. 

The project is expected to contribute towards India’s renewable energy capacity addition targets while also strengthening Waaree’s long-term project pipeline. 

PPA Executed Following Earlier Disclosure 

The company stated that the agreement has been signed in continuation of its earlier disclosure made in February 2026 regarding the proposed project. 

The formal execution of the PPA was completed on May 6, 2026.  

Read More: Unicommerce and Waaree Energies Partner to Streamline E-commerce Operations! 

Waaree Energies Share Price Performance 

As of 06 May 2026, at 3:30 PM, Waaree Energies share price closed at ₹3,223.50 per share, reflecting a surge of 1.31% from the previous closing price. 

Conclusion 

The signing of the 300MW wind project agreement marks another strategic expansion step for Waaree Energies as the company continues to strengthen its renewable energy portfolio. 

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