Waaree Renewable Technologies has secured a 2 GW solar project in Rajasthan.
Waaree Renewable Technologies Ltd, a company under Waaree Energies Ltd, signed the largest deal until now, getting a 2 GW solar project from a Special Purpose Vehicle (SPV) of Jindal Renewables named Sunbreeze Renewables Nine Pvt Ltd. Located at Bikaner, Rajasthan, it stands as an example of history, marking one giant leap for growth and the beginning of new achievements in renewable development.
This deal is a significant landmark for Waaree Renewable Technologies in its EPC solar Engineering, Procurement, and Construction business. The scope of the contract covers the full range of solar project design, engineering, procurement, supply, construction, testing, and commissioning. The project is based on high technology and sustainable solutions to maximize the efficiency of energy generation and the effectiveness of producing solar energy.
Project Details and Scope
It is the 2 GW solar project which will be established in Bikaner of Rajasthan, wherein light radiates immensely throughout the day; thus, a prime location to be used in harnessing the generation of solar power. This new generation of technologies will also ensure maximum efficiency and maximum output for the given performance of solar modules. This solar power shall then be injected to the renewable energy infrastructure’s POI assigned in India.
All phases of the project shall be taken care of by Waaree Renewable Technologies – from the concept development to completion through designing the solar plant, procurement of material, and supply of all components, along with the test commissioning, construction of the plant. Undoubtedly, with all probability this project shall boost India’s capacity in clean energy.
Increasing Stature of Waaree in Solar EPC
WRTL has greatly contributed toward adding capacity to India in the realms of solar EPC. The company deals with large-scale solar projects, and therefore makes a huge play in the domains of renewable energy in India. It has already acquired a 2 GW solar project, and which has cemented its further place as the leader in the domain of the solar EPC.
Waaree Group had already enrolled quite a success story in the solar business. The company had set up over 10,000 solar projects; the total installed capacity had crossed 1.82 GW. With Bikaner being added with 2 GW to its credits, therefore, Waaree’s footprints would step substantially higher in this rapidly growing Indian solar energy business.
Jindal Renewables and Future Plans
The largest part of Jindal Renewables is Sunbreeze Renewables Nine Pvt Ltd. It is the pioneer in India’s transition to renewable energy, and the company is highly involved in developing nearly 3 GW of renewable energy assets with all the power off-takes already secured for its goal of scaling up the portfolio to 12 GW of renewable energy assets, including storages and production plants of green hydrogen by 2030.
Long-term vision of Jindal Renewables will be to be one of the biggest de-carbonization solution providers in India, which will help the country in achieving its renewable energy goals while minimizing carbon footprint. This partnership with Waaree Renewable Technologies takes a bold step in the right direction toward that vision and accelerates the adoption of renewable energy solutions across this country.
Impact on India’s Renewable Energy Landscape
This project falls into a more comprehensive effort to take India’s capacities in renewable energies, especially on solar power generation, to its next level of scale. On the part of India, these ambitious goals require large projects on the back – such as a 2-GW solar plant in Rajasthan such as this project.
This project, therefore, adds to the solar capacity of India and further to its commitment to sustainability and clean energy. The use of solar power continues to be a very important component of India’s plan to reduce fossil fuel dependency and decrease greenhouse gas emissions.
Conclusion
The 2 GW solar project for Bikaner marks a landmark for Waaree Renewable Technologies since the firm is now the leading Indian solar EPC. This order shall take Waaree Renewable Technologies’ business a long way, further bringing India to the very critical milestones that bring it toward its renewable energy targets, into the global mainstream against climate change, and makes it help turn India into the hub for clean energy. With this milestone, continuing in large solar project execution by Waaree Renewable Technologies and their associates, brighter futures for energy used cleaner begin.
This project makes Waaree Renewable Technologies and Jindal Renewables very important players in India’s sustainable energy future. Its successful execution will then provide a platform for more such projects catapulting the country further towards the goal of Net Zero emissions.
Source: Waaree Renewable Technologies Press Release, December 2024