Waaree Secures 40 MWhr Battery Storage EPC Project

Waaree Renewable Technologies Limited (WRTL) today stated that it has won a Letter of Award (LoA) from Continuum Green Energy Limited to execute an Engineering, Procurement, and Construction (EPC) order for a 40 megawatt-hour (MWhr) battery storage installation. The project, to be implemented at wind-solar hybrid locations in Gujarat, is a landmark moment in India's shift towards renewable energy. The cost of the project is estimated at INR 40 crores.

This project will utilize lithium iron phosphate (LFP) based liquid-cooled containerized battery energy storage system (BESS) technology. The project will be undertaken on a Lump Sum Turnkey (LSTK) contract, integrating the solar project as one battery storage system. This project highlights Waaree Renewable Technologies' increasing experience in integrated EPC solutions and demonstrates the company's dedication to developing India's renewable energy infrastructure.

Delivering his speech on the occasion, Viren Doshi, Director, Waaree Renewable Technologies Limited, underscored the importance of the project to increase the efficiency and reliability of renewable energy in Gujarat. He pointed out that combining sophisticated battery storage with renewable energy sources would give a solid infrastructure to serve the increasing demand for clean energy. Doshi also voiced his appreciation of the repeat order from Continuum Green Energy as an endorsement of WRTL's project execution capability and its prudent practice of executing projects on time and within budget. He added that such alliances reiterate the company's resolve for a green future and place it at the forefront of India's clean energy transformation.

Continuum Green Energy Limited, a leading company in the renewable energy space, has been proactively investing in wind-solar hybrid projects throughout India. Arvind Bansal, CEO at Continuum Green Energy Limited, expressed his excitement regarding the partnership, emphasizing that incorporating energy storage solutions in their hybrid renewable projects is a key step in ensuring industrial consumers' energy reliability. He showed faith in WRTL's capability to implement the project with perfection and meet stringent timelines. Bansal stressed that the partnership is in line with the vision of the company to build a greener and sustainable tomorrow, and he is convinced that Waaree Renewable Technologies' expertise will play a pivotal role in fulfilling their mission.

Battery storage is fast becoming an integral part of India's renewable energy market. With the nation speeding up the shift towards cleaner energy, efficient energy storage is critical to tackling intermittency concerns related to wind and solar power. The implementation of lithium iron phosphate-based BESS technology in this project highlights a strategic push towards guaranteeing greater energy density, safety, and long-term sustainability. LFP batteries are stable, have a longer lifespan, and better thermal control, which is why they are the best fit for large-scale renewable energy storage projects.

The project's site in Gujarat also holds importance because the state has been leading India's renewable energy growth. It has rich solar and wind resources and has played a leading role in the uptake of clean energy in the nation. The synergy of battery storage with wind-solar hybrid schemes is likely to improve grid stability, lower the fluctuations in power, and enhance the overall efficiency of renewable power generation.

Waaree Renewable Technologies' success in winning this project reflects its growing position as a top EPC player in the renewable energy sector. The company has been continuously diversifying its portfolio, with an emphasis on providing technologically superior and cost-efficient solutions. By winning repeat orders from established players such as Continuum Green Energy, WRTL is consolidating its position in the highly competitive renewable energy sector.

The increasing focus on energy storage solutions is also consistent with India's larger energy transition objectives. The government has actively encouraged schemes that promote the use of battery storage technologies for ensuring grid strength and providing a consistent stream of clean energy. Ventures such as the one made by WRTL and Continuum Green Energy are likely to make a significant contribution to the above objectives, opening up the possibility of a more stable and sustainable energy system.

With this new contract, Waaree Renewable Technologies is poised to define the future of renewable energy in India. Successful completion of the 40 MWhr battery storage project will not only cement the company's reputation as a reliable EPC provider but also establish new standards in integrating energy storage. As the world's demand for clean energy grows, investments in innovative storage technology will play a crucial role in propelling the industry forward.

This collaboration between Waaree Renewable Technologies and Continuum Green Energy is a step towards a future where renewable energy is not only readily available but also stored and used efficiently. With both organizations dedicated to sustainability and executional excellence, the project is likely to make a major contribution to India's path towards energy independence and a greener, cleaner tomorrow.