Waaree Energies Secures 300 MW Wind Project in Gujarat

02 Mar 2026 CW Team

Waaree Energies has secured a 300 megawatt (MW) wind power project in Gujarat under a 25-year supply agreement. The company will be responsible for development and long-term supply of electricity from the project, according to the release. The award represents a notable addition to its renewable energy portfolio. The company framed the award as consistent with its growth strategy in renewable generation.

The project will add 300 MW of capacity to Waaree Energies' pipeline and is expected to contribute to grid decarbonisation efforts in the region. The installation will deploy utility scale turbines and associated infrastructure to feed power into the local transmission network. Project execution is intended to follow established engineering, procurement and construction practices. Use of local suppliers and contractors during construction is expected to support regional supply chains and skills development.

The 25-year supply agreement is structured to provide predictable offtake for the generated power and is expected to underpin stable revenue over the contract term. Such long-term contracts typically support financing and investor confidence by reducing merchant exposure. Waaree Energies indicated that securing this contract aligns with its strategic focus on expanding wind capacity alongside its existing solar operations. Predictable cash flows under the supply pact are commonly used to secure project financing and extend investor engagement during the asset life.

The company said the award will bolster its order book and strengthen its position in the renewable energy market. Management expects the project to enhance operational scale and create opportunities for further bids in the wind segment. The development is presented as part of the firm's broader transition toward a diversified clean energy portfolio. The company believes the contract will validate its technical capability and broaden market reach.

Real Estate

28 Mar 2026

Housing Sales Dip 7 per cent QoQ Across Top Cities

India’s housing market saw a 7 per cent quarter-on-quarter decline in sales across the top seven cities in Q1 2026, with approximately 1,01,675 units sold compared to 1,08,970 units in Q4 2025, according to ANAROCK Group. However, on a yearly basis, sales rose 9 per cent, indicating continued underlying demand.The total sales value stood at around Rs 1.51 trillion, reflecting a 5 per cent quarterly drop but a 6 per cent annual increase. Mumbai Metropolitan Region and Bengaluru together accounted for nearly 48 per cent of total sales, while Chennai recorded the highest quarterly decline at 18..

Birla Estates Enters Mumbai Redevelopment

Birla Estates has announced its entry into Mumbai’s redevelopment segment with a luxury residential project in Khar West, developed in partnership with Parinee Real Estate Builders. The project will redevelop Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society, marking the company’s first redevelopment initiative in the Mumbai Metropolitan Region.Spread across 1.3 acres, the development will offer a saleable area of 2.9 lakh sq ft with an estimated revenue potential of Rs 17 billion. Positioned in one of Mumbai’s prime residential micro-markets, the projec..

Hitachi, MUFG Expand EV Financing Model

Hitachi and MUFG Bank have expanded their NextGen business co-creation model to accelerate decarbonised mobility by financing electric vehicles and charging infrastructure. The renewed collaboration aims to address key barriers to electrification, including limited access to capital and the need for integrated energy solutions.Building on earlier partnerships, the expanded model extends beyond battery-focused solutions to include electric mobility assets, charging systems and energy management infrastructure across global markets. The initiative will leverage structured financing through speci..