Waaree Energies Secures 170 MW Solar Project, Inks 150 MW PPA with MPPMCL

Waaree Energies Limited, a leading solar energy company in India, has announced a key update regarding its renewable energy initiatives. In a filing dated 11 June 2025, the company disclosed the execution of a major solar power agreement, marking a significant step in its clean energy drive.

Waaree Energies Takes Over Project Execution

The 170 MW solar power project in Madhya Pradesh, initially assigned to Waaree Forever Energies Private Limited (WFEL), will now be executed directly by Waaree Energies Limited. As part of this development, the company has signed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited (RUMSL) and Madhya Pradesh Power Management Company Limited (MPPMCL) for the supply of 150 MW of solar energy.

The project is set to deliver power through the Inter-State Transmission System (ISTS), ensuring efficient transmission of clean energy across regions. This shift in execution underscores Waaree’s strategic agility in scaling its energy operations.

Waaree’s Role in Advancing India’s Green Energy Targets

The solar energy generated from this project will be supplied to MPPMCL and Indian Railways, contributing to India's broader renewable energy vision. Waaree’s involvement in this initiative is aligned with national efforts to reduce reliance on fossil fuels and promote sustainable development.

By facilitating green energy distribution, Waaree Energies plays an instrumental role in driving forward the country’s clean energy ambitions.

Read More: Waaree Energies US Arm Bags 599 MW Solar Module Order!

Waaree Energies Share Price Performance

As of June 12, 2025, at 9:30 AM, Waaree Energies Share Price is trading at ₹2,880.90 per share, reflecting a decline of 0.11% from the previous closing price. Over the past month, the stock has surged by 7.55%.

Conclusion

With the direct execution of the solar project and the formalisation of the PPA, Waaree Energies Limited reinforces its leadership in India’s renewable energy sector. This move highlights the company’s dedication to sustainability and its strategic role in shaping a low-carbon future.

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