Waaree Renewable Technologies Limited (WRTL) announced that it has commissioned 87.5MW/122.5 MWp out of 150 MW/210 MWp EPC solar power project for UPC Renewable Energy Private Limited.’s subsidiary M/s. Masaya Solar Energy Private Limited in the Khandwa district of Madhya Pradesh.
The solar power project spans across 651 acres of undulated land terrain, with power being evacuated at a 220 kV voltage level and connected at PGCIL 400 kV/220 kV SS through the ISTS (inter-state transmission system) network. A total of 5,08,072 SPV modules, ranging from 335 Wp Polycrystalline to 540 Wp monocrystalline, with an inverter capacity of 3.125 MW were installed.
The power purchasing agreement for the project has been made with the Solar Energy Corporation of India for a period of 25 years. WRTL has installed over 1 GW of solar projects, including on-ground rooftop and utility projects, till date.
In October 2022, Waaree Energies Limited raised Rs 10 billion in primary funding from a variety of investors. The promoters took part in this equity raise at the same price. The proceeds will be further used to fund the company’s plans to expand its manufacturing capabilities in India from 2 GW to 9 GW for photovoltaic modules.
