Waaree Renewables Technologies to Build 100 MWp Solar Project in Vietnam

Waaree Renewable Technologies Limited has entered into a non-binding Memorandum of Understanding with Viet Khanh Joint Stock Company for a 100 MWp solar project to be executed on a turnkey basis. The agreement signals Waaree’s growing international presence in the renewable energy space, particularly in delivering large-scale solar infrastructure through its Engineering, Procurement and Construction (EPC) services.

Formal Exchange Disclosure and Compliance

In compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, Waaree officially informed both BSE and NSE of the development on 23 June 2025. The MoU was signed earlier, on 20 June at 6:00 PM IST. In a statement issued by Heema Shah, Company Secretary, the company noted its intent to undertake the EPC work for the 100 MWp project and confirmed the disclosure was aligned with SEBI’s circular dated 13 July 2023.

Details of the MoU and Project Scope

According to the information filed, the EPC scope will cover the development of a ground-mounted solar power project, with the final terms to be detailed in a future binding agreement. Viet Khanh Joint Stock Company, the awarding entity, is an international client with no related party connection to Waaree. While the project’s timeline is yet to be finalised, the order size reflects a strategic step forward in Waaree’s broader renewable infrastructure portfolio.

Also Read: Waaree Renewables Solar EPC Order Climbs to ₹1,480 Crore After ₹247 Crore Revision!

Waree Renewables Share Price Performance

As of June 23, 2025, at 12:30 PM, Waree Renewable Technologies share price is trading at ₹985.90 per share, reflecting a gain of 0.70% from the previous closing price of ₹979.50. Over the past month, the stock has declined by 3.72%. 

Conclusion

This new MoU with Viet Khanh Joint Stock Company adds to Waaree Renewable Technologies’ momentum in the international solar EPC market. As the company continues to diversify across geographies, the 100 MWp solar project marks a meaningful move in advancing sustainable energy initiatives globally.

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