Waaree Renewable Technologies secures 450 MWp solar EPC contract from its subsidiary Sunsational Power

Type: Supply Agreement · Technology: Solar · Country: India · Capacity: 450 MWp · Announced: 2026-06-09

Waaree Renewable Technologies secured a 450 MWp ground-mounted solar engineering, procurement, and construction (EPC) contract from its wholly owned subsidiary Sunsational Power, marking a key milestone in the group’s expansion into independent power production. The project, Sunsational Power’s first major award since its May 2025 incorporation, includes two years of operation and maintenance services post-commissioning, with completion targeted for fiscal year 2026-27. Sunsational Power was established as a dedicated platform to develop, accumulate, transmit, and distribute power from renewable sources including solar, wind, hydel, and other non-conventional energy systems. The EPC scope covers the full project lifecycle, from engineering and procurement to construction and long-term O&M. This transaction underscores Waaree Renewable’s strategic pivot toward owning and operating renewable assets through its IPP platform while leveraging its engineering capabilities.

Analysis

Waaree Renewable Technologies Ltd secured a 450 MWp solar engineering, procurement, and construction contract from its subsidiary Sunsational Power, with completion targeted for fiscal year 2026-27. Waaree Renewable Technologies Ltd is a Mumbai-based company with over 1.2 GW of commissioned solar projects. Sunsational Power, established in May 2025, is a dedicated platform to develop, accumulate, transmit, and distribute power from renewable sources in India. The contract includes two years of operation and maintenance services post-commissioning. The project is located in India and was announced on 2026-06-09.

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