+
Waaree Energies Bags 500 Megawatt (MW) Solar Module Order
POWER & RENEWABLE ENERGY

Waaree Energies Bags 500 Megawatt (MW) Solar Module Order

Waaree Energies has announced that it has secured an order to supply 500 megawatt (MW) of solar modules, a contract disclosed on 24 February 2026. The company said the agreement covers the manufacture and delivery of crystalline silicon modules and includes standard quality and performance assurances, without specifying delivery milestones. The order reflects continued demand for utility scale solar components and adds materially to the company order book for the current financial period.

Provision of 500 MW will require the mobilisation of production capacity, logistics and quality control processes along the company supply chain. Industry analysts note that module manufacturers often plan output schedules months in advance to align shipments with project timelines and grid connection dates, so the contract may help smooth factory utilisation. The company indicated that it will allocate resources to meet the contractual specifications while adhering to regulatory and environmental norms.

India continues to expand its utility scale solar pipeline as part of an energy transition strategy that seeks to increase renewable generation and reduce fossil fuel dependence. Continued tendering by state utilities and private developers has sustained demand for modules, while domestic manufacturing capacity has been a focus of policy makers aiming to reduce import dependence. The flow of orders into established suppliers may support price stability and encourage further investment in manufacturing and logistics.

Waaree Energies said the contract will bolster its near term revenue visibility and strengthen its competitive position, while also supporting long term partnerships with project developers. The company will report the impact of the order in its next regulatory filing, subject to standard accounting and disclosure practices. The supply agreement adds to a broader trend of large scale procurement that market participants view as central to India meeting its renewable energy targets.

Waaree Energies has announced that it has secured an order to supply 500 megawatt (MW) of solar modules, a contract disclosed on 24 February 2026. The company said the agreement covers the manufacture and delivery of crystalline silicon modules and includes standard quality and performance assurances, without specifying delivery milestones. The order reflects continued demand for utility scale solar components and adds materially to the company order book for the current financial period. Provision of 500 MW will require the mobilisation of production capacity, logistics and quality control processes along the company supply chain. Industry analysts note that module manufacturers often plan output schedules months in advance to align shipments with project timelines and grid connection dates, so the contract may help smooth factory utilisation. The company indicated that it will allocate resources to meet the contractual specifications while adhering to regulatory and environmental norms. India continues to expand its utility scale solar pipeline as part of an energy transition strategy that seeks to increase renewable generation and reduce fossil fuel dependence. Continued tendering by state utilities and private developers has sustained demand for modules, while domestic manufacturing capacity has been a focus of policy makers aiming to reduce import dependence. The flow of orders into established suppliers may support price stability and encourage further investment in manufacturing and logistics. Waaree Energies said the contract will bolster its near term revenue visibility and strengthen its competitive position, while also supporting long term partnerships with project developers. The company will report the impact of the order in its next regulatory filing, subject to standard accounting and disclosure practices. The supply agreement adds to a broader trend of large scale procurement that market participants view as central to India meeting its renewable energy targets.

Next Story
Building Material

Seppa Township Road Being Paved With Bituminous Concrete

Work is underway to pave the main township road in Seppa with bituminous concrete, marking a significant upgrade to the local transport network. The project is being overseen by the district administration and carried out by municipal contractors using mechanised laying equipment. The initiative aims to replace older surface material that had become potholed and dusty, and to improve all weather access for residents and public services. Local officials have coordinated traffic diversions and site safety measures to minimise disruption during construction. The work includes preparing the base, ..

Next Story
Infrastructure Transport

Tribal Hohos Urge CM To Approve Foothills Road Phase Two

13 Dimapur-based tribal Hohos have urged the Chief Minister to ensure the issuance of the second phase work order for the Foothills Road project on or before 31 March 2026, warning that failure to meet the deadline would compel them to resort to democratic means. The bodies expressed appreciation for government support towards the project, known as the Nagaland People's Road, while stressing that remaining formalities must not be delayed. They described the project as a people-driven initiative of high public value. The Foothills Road project covers a stretch of 395.9 kilometres from Tizit in ..

Next Story
Infrastructure Transport

India Approves First Underwater Road-Rail Tunnel Project

The Indian government has approved the country's first underwater road-rail tunnel project, marking a major step in urban and coastal infrastructure development. The decision signals a shift towards integrated transport corridors that combine road and rail modes to enhance connectivity and resilience. Authorities characterised the approval as a milestone for engineering ambition and national connectivity planning. The move reflects rising investment in large scale infrastructure to support urbanisation and coastal commerce. France has positioned India as a top priority market and is targeting ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App